Sydney Property Market Forecast To Grow In 2021-2022

Based on how the market has been performing so far it’s likely that will see high double-digit Sydney house price growth in 2021, with most segments exhibiting strong price appreciation. The inner city and high-rise apartment markets are now seeing positive steps to recovery.
And despite Sydney’s lockdowns, buyers and sellers are still transacting property assets:

• Property rose 0.5% in the last week and auction clearance rates were at boom time levels over the weekend
• Increased 2.0% over the month of July, and
• Increased 18.2% over the last year.

And there is still plenty of growth left, as Sydney property values only recently exceeded their previous 2017 peak levels. What a turnaround from all the pessimistic forecasts all the banks made in the middle of last year.

Of course, the Sydney property market has been one of the strongest and most consistent performers over the last four decades.