Covid restrictions were putting the brakes on new listings but would do little to derail buyer confidence, said Realestate.com.au head of economic research Cameron Kusher. Melbourne’s four month lockdown discouraged sellers more than buyers.

With no signs of rising inflation yet, it would likely take years of strong economic growth before there was a significant increase in interest rates. Until interest rates lifted from the floor, housing was still a good buy, according to the chief economist for the Centre for Independent Studies Peter Tulip.

AMP Capital chief economist Shane Oliver expects house prices could rise about 25 to 30 per cent before peaking by 2023. NAB chief economist Alan Oster said he expected house prices to rise by about 28 per cent during this current cycle.

With a chronic shortage of properties for sale, there is still plenty of growth to come…

Using a Buyer’s Agent: At TBAS®, we offer comprehensive end-to-end support – from identifying and analysing potential properties to dealing with agents, attending inspections, bidding at auction and negotiating a sale on your behalf. We take the time to understand your timeline, budget and exactly what you’re looking for, then create a tailored strategy to get you into your dream home, fast.

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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