Sydney Property Market Update - Spring 2021

A burning question on our community’s mind as we ease out of a long Sydney lockdown and things return back to (somewhat) normal: What’s going on with the property market and what can we expect to see over the next few months?

Over the past few months of lockdown, we have seen properties selling for ultra-premiums (prices well above the premiums that would normally be set in this kind of market).

As restrictions start to ease, expect to see a short term correction as more properties and more buyers hit the market. That correction will likely slow the property market down a bit, and as borders open up we’ll see more buyers coming in. This will cause property prices to move up again.

What can you do to be prepared for the market?

▪️Be really organised! Have your pre-approval in place.

▪️One you get out there - don't waste time.

▪️Be decisive and trust your gut.

For more advice or to get support on your property search, get in touch with the Cura Property Team today 🏡🔎