Welcome to our mid-year market update!
Earlier this year, we spoke about the tremendous amount of energy and activity in the property market, with demand outweighing supply.
Last year economists were predicting a housing market crash. However, National home values increased 13.5% over the 2020/2021 Financial Year according to Corelogic data.
This represented the highest annual growth rate in 17 years!
Our Area Sydney CBD
Although our area Sydney CBD median value stayed the same, $1.09M same time last year to $1.06M, we certainly have enjoyed the traction from the buyer interest.
We have made some record sales this year such as:
The market during lockdown
We’ve entered into a period of lockdown, with the Sydney property market at an all-time high.
So far, we’re seeing buyers undeterred by the lockdown and still happy to make solid offers for properties.
Many fear missing out and would instead make their next property move sooner rather than wait until later.If you want to know the NEW value of your property please get in touch with