The Reserve Bank is still claiming interest rates will remain on life support settings until 2024 and unemployment is at a cyclical low. In all likelihood, property prices hasn’t peaked.

If you are considering getting into the market, you might buy just before prices dip, but more than likely you probably won’t. When property prices dip, they rarely fall that much. They’re not like stock markets. And they usually recover within a year or two. It’s still a great time to buy property in Sydney or the Southern Highlands.

Anyone living in Australia probably feels like local home prices have shot up at shocking rates, but the increases have been mild when compared to Montreal, Los Angeles, Auckland and Toronto, where prices have soared by at least 30 per cent since the start of 2020

PRD Real Estate chief economist Diaswati Dr Mardiasmo said a drop in the number of homes on the market due to the latest lockdowns had only increased competition on properties, as buyer demand remained strong. She added the market was also drawing international interest, as Australia was seen as a safer place for investment due to its handling of the pandemic.

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.

We recently achieved outstanding results in Sandringham, Darling Point,  Kangaroo Valley, Bellevue Hill, Lakemba,  Bowral and Kellyville Ridge.

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