The Sydney housing market has bottomed out. Many leading indicators now suggest the current September quarter will record about a 2% rise in Sydney dwelling prices and we are expecting a rise of another 4% for the December Quarter. That should take the full year to about a 1% gain compared to 2018.
In Sydney Olympic Park, and 2127 postcode, we have seen approximately a 4 fold increase in inquiries and sales over the past 8 weeks compared to the initial months of 2019. Higher numbers at open homes and a return to offers and negotiations. We expect to demand to keep rising steadily and depending on listing numbers the prices to follow.
The spring market is looking promising.
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