Reserve Bank governor Dr Philip Lowe said the Reserve’s “central scenario” is that a interest rate rise won’t be needed “before 2024″ – that is, not for another two and a half to three years. This will add further pressure on property prices and potentially extending the current property cycle for another 3 years.

Lockdown is serving up another challenge for Sydney’s frustrated homebuyers by reducing the supply of properties available at a time when buyer demand remained elevated. The lesson we learnt from Melbourne’s prolonged lockdown last year suggested serious buyers would not be deterred by Covid.

First home buyer activity was 65.4 per cent higher over the first five months of this year compared to the same period a year ago, according to Andrew Wilson, chief economist at MyHousingMarket.

Dr Wilson says First Home buyers are facing increasing competition as more investors return to the property market. Dr Wilson expects rising prices and the return of investors will continue to dampen first home buyer activity over coming months.

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 Darling Point,  Croydon, Bellevue Hill, Bowral and Maroubra.

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