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.
Explore how recent RBA interest rate increases—totaling 125 basis points with another 50 expected—have triggered a dramatic, annualised 20% drop in Sydney property values, shaking homeowners and the economy.
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.
If you’re thinking about downsizing—or just exploring your options—I’m here to help when you’re ready.