Auction Results Sydney 27 November 2021
Auction Results Sydney
Comment: Auction Results Sydney
CoreLogic figures show Sydney property prices soared about 25 per cent over the past 12 months, with another rise of 5 per cent or 6 per cent expected during 2022.
Shane Oliver, chief economist at AMP Capital, expects interest rates to start rising slightly by the end of 2022, which will dampen the housing market by around 5-8 per cent in 2023.
MyHousingMarket’s Wilson is more bullish. He says property prices in both cities could still rise by about 5 per cent during 2023 because of a revival of the economy to pre-COVID-19 levels, plus a return to strong migration that would refuel demand for property.
Either way, Buy Real Estate! It’s too risky to sit on the sideline…
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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 proper