The performance of Australia's real estate market is influenced by various factors, including geographical location, buyer preferences, and economic development conditions.

Recent data reveals divergent trends in Sydney's property prices, with noticeable increases in some suburban areas of the inner-west and inner-southwest, while the northern areas and northern beaches show a slowdown or decline in price growth.

According to data provided by CoreLogic, over the past three months, property prices in one-ninth of Sydney's suburbs have risen by over 5%, including some suburbs in the inner-west and inner-southwest. These areas, due to their proximity to the city center, larger land plots, and high property value, have remained popular among homebuyers.

It is noteworthy that, despite the overall slowdown in the Sydney market, these suburban areas continue to exhibit strong growth in property prices.

Specifically, in the inner-southwest area of Sydney, Narwee has experienced a quarterly increase of 9.6%, while Lugarno has seen an 8.6% rise. Other suburbs in the inner-southwest, such as Beverly Hills, Peakhurst Heights, Hurstville, and Kogarah Bay, have seen price increases of 8.3%, 8.1%, 7.5%, and 7.4%, respectively. In the inner-west, Abbotsford has witnessed an 8.4% increase, Lewisham an increase of 7.8%, and Russell Lea an increase of 7.7%.

However, in contrast, the growth in property prices in areas like the northern suburbs and northern beaches of Sydney has slowed down, and in some cases, prices have even declined. For example, Castle Cove has experienced a 6.2% decrease, and North Willoughby, East Lindfield, and Gordon have seen declines of 4%. In Melbourne, Hawthorn East has witnessed a 5% decrease, Brighton a 4% decrease, and Caulfield and Caulfield North have both experienced a 3% decrease.

These data indicate regional variations in property price performance within the Australian real estate market, influenced by various factors. Homebuyers' emphasis on property value and development potential plays a crucial role, contributing to the rising prices in the inner-west and inner-southwest suburban areas. Additionally, these areas are favored for their proximity to the city center, convenient transportation, and comprehensive amenities, making them highly desirable for residents.

Another key factor influencing property price performance is the economic development situation. Recently, Australia's overall economic growth has slowed down, impacting the real estate market. According to data from the UK-based think tank Oxford Economics, Australia's housing market may face the risk of a decline in the next one to two years, especially in the context of rising mortgage rates and slowing economic growth.