Sydney suburbs bucking the broader downturn

Sydney’s property market has recorded seven consecutive months of price falls, but a handful of suburbs are defying the downturn with some unit markets even posting double-digit quarterly growth.Sydney property values are down by 5.5 per cent since their November peak, according to realestate.com.au’s latest Home Price Report for September.Sydney’s rare growth markets were dominated by units, with the house market seeing substantially higher and more widespread falls.Realestate.com.au’s latest quarterly figures revealed house prices fell across nearly 97 per cent of Sydney suburbs over the past three months, with a paltry six suburbs recording growth in median prices.The figures, which cover the first full quarter of suburb-by-suburb value movements since the May federal budget, showed median house prices rose in Copacabana (1 per cent), Longueville (2 per cent), Manly (2 per cent), Austral (3 per cent), Palm Beach (3 per cent) and Rose Bay (4 per cent).Median unit prices fell in about 80 per cent of the suburbs with available data, but there were rare pockets where growth was elevated.Stanhope Gardens (19 per cent) led the standouts for quarterly growth, followed by Vaucluse (11 p...