Sydney property market forecast to grow strongly in 2021-2022

Well… Sydney property prices rose by 6.3% in the last quarter and Sydney’s auction market remains strong clearing well over 90% of auctions in many parts of the city.

A recent report from ANZ Bank predicts Sydney house prices will rise to a strong 19% through 2021, before slowing to 6% in 2022, with most segments exhibiting strong price appreciation other than the inner city and high-rise apartment market.

What a turn around from all the pessimistic forecasts all the banks made in the middle of last year.

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