Auction Results Sydney 3 April 2021
Auction Results Sydney
Comment: Auction Results Sydney
Clients keep saying to me “It feels like Sydney house prices are going up each week” and according to recent data from CoreLogic Sydney house prices are going up approximately $10,000 a week. Prices have jumped 4.3 per cent last month and $100,000 for the average priced house since the start of the year.
More expensive properties have been driving the gains, with the top end of the market rising at a faster pace than more affordable homes.
The only thing tipped to slow down the property boom is the bank regulators steeping in to restrict lending later in the year.
Commonwealth Bank economist Gareth Aird said price growth over the past three years had been modest due to a sluggish market between 2017 and 2019. “Prices have risen by just 3.8 per cent since September 2017 which means that in real terms they have actually fallen,” he said. It’s still a great time to buy property, with substantial gains predicted over the next two years.
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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