Property Market Growing at its Fastest Pace in 17 years - Core Logic
Australian property prices are growing at their fastest pace in 17 years despite lockdowns, with several cities climbing to record highs.
The show goes on for Sydney...despite months long lockdown
Despite Sydney’s ongoing lockdown, dwelling values rose another2 per centin July, and18.2 per centover the year, reaching amedian of $1,017,692.
CoreLogic Home Value Index July 2021
Consistent with various credible reports and forecasts, Sydney has so far delivered close to 20% in 2021 amid heavy COVID restrictions.
Demand not easing off
With strict lockdown and health measures in place, constructions have been put into stagnation whilst listing level has been halved.
“One of the biggest impacts of COVID is a further reduction in available supply, which is creating more urgency among buyers."Said Tim Lawless, Core Logic’s research director.
