CRIBZ > GUIDES > SYDNEY
Sydney is the state capital of New South Wales and the most populous city in Australia and Oceania.
As of June 2017, Sydney's estimated metropolitan population was 5.2m and is home to approximately 65% of the state's population.
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Sydney has a diversified economy, and mostly serviced based. Unemployment is low at around 4%.
The Sydney metro areas is undergoing a large investment in metro rail and road networks.
The Median Sydney house prices is currently fluctuating at around the $1m mark with yields at around 3.5%.
Recent interest rate cuts have had a huge impact in market sentiment, with auction clearance rates averaging around 70-80%.
Sydney house prices are starting to rise after two years of falls.
We expect the positive momentum to lead into 2020, baring a major fallout from trade among Australia's leading economic partners.
Predictive Analysis: Improving Market