June 2021 edition out now!
Markets Across Sydney Are Delivering Exceptional Price Growth
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The Sydney market continues to perform at a high pitch, with the number of growth suburbs down only slightly on the record levels of the previous quarter.
In our Autumn 2021 survey of sales activity, published three months ago, we identified 140 suburbs with rising sales activity, up from 93 the previous quarter. In our new (Winter 2021) survey, we have found 121 suburbs with rising activity (compared with just 24 a year ago). This means Sydney overall has tapered marginally but still has the second highest number of growth markets in the six years we have been conducting our quarterly surveys.
This continues to translate into exceptionally strong price performance. Indeed, the price uplift across Sydney in the past 12 months has been extraordinary. Of the 223 suburbs in our price analysis, 217 (97%) have recorded growth in their median house prices, including 88 with increases above 10% and some above 20%.
Apartment markets have shown strong recovery signs also, with eight out of ten suburbs delivering annual increases in their median prices, most of them above 5%.
There are multiple growth suburbs in precincts rights across the Sydney metropolitan area, so this is an excellent time to get our latest Top 5 Sydney Hotspots report and find the areas that are delivering the best growth.