Sydney and parts of NSW swelter through temperatures in the 30s before plummeting 10C within hours

Sydney and parts of New South Wales experienced extremely high temperatures over the weekend, with outer west Sydney reaching 35C and the city itself reaching 32C on Monday. This heatwave was unusually warm for the season, with temperatures exceeding the average September temperature by more than 10C. The sudden drop in temperature, of up to 10C, after a cool change from the south-east, is likely to have a positive impact on the economy, as lower temperatures can reduce energy consumption and alleviate pressure on the power grid.

Why it matters

A heatwave in Sydney and parts of NSW is a public health concern. However, it is unlikely to have a significant impact on the market.

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