Auction Results Sydney 13 February 2021
Auction Results Sydney
Comment: Auction Results Sydney
House values have climbed to their highest level on record. Supply levels are low while demand is strong. It is a seller’s market. With sentiment rising and selling conditions favouring the vendor, it is reasonable to expect new listing numbers will rise during the year, which may take a little heat out of the market.
In an internal document from the RBA has predicted that home values could rise by as much as 30 per cent within just three years due to borrower belief that rock bottom interest rates are here to stay.
CoreLogic data shows that despite the deepest recession since the 1930s, Sydney’s house prices increased by 4 per cent to edge above $1 million during 2020.
The RBA says low rates will push up house prices and are prepared to tighten lending standards if record low interest rates result in a housing boom that could leave new home buyers in negative equity or risk them taking on too much debt.
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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