Auction Results Sydney 19 September 2020
Auction Results Sydney
Comment: Auction Results Sydney
Westpac has upgraded its short-term home price targets. They are now predicting residential prices to only fall 5 per cent in 2021, instead of 10 per cent and surge 15 per cent over the next 2 years. Sydney’s prices have dipped a moderate 2.6 per cent since the onset of COVID.
Pandemic shifts buyer focus from city to regional areas. There has been strong growth over the past year in the Southern Highlands, where growth was 5.3 per cent, according to CoreLogic.
The opposite is occurring across inner city, With the CBD dropping almost 10 per cent in the last 3 months. Realestate.com.au chief economist Nerida Conisbee said buyers were likely prioritising space after being cooped up at home for much of the pandemic. Increased work from home arrangements may have also encouraged buyers to seek out “lifestyle” locations.
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Disclaimer: Not all Properties were bought or sold by TBAS® Buyers Agents. The Auction Results Sydney are compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.