
What’s different about today’s property market
A rapid boom in Sydney’s property market occurred between late 2020 and the end of 2021, with the city’s median property price rising 27.7% in just 15 months.
A rapid boom in Sydney’s property market occurred between late 2020 and the end of 2021, with the city’s median property price rising 27.7% in just 15 months.
Sydney’s property prices have reacted to the extraordinary decision by the Reserve Bank of Australia (RBA) to increase interest rates for the second time in
Australian interest rates are at record lows and for the foreseeable future, the Australian Reserve Bank has no plans to increase them. Australians can expect regulators to step in and slow the property market down.
As house prices spiral across the country, would-be homeowners are forced to make a plan. According to CoreLogic data, in February house prices rose at rates beyond anything we’ve seen in 17 years. Only Darwin and Perth have avoided these vast increases in price.