Feb 20, 2020
This is the strongest Sydney market we have recorded in the five
years we have been conducting our quarterly sales surveys. Greater
Sydney has 67 suburbs with rising buyer demand, compared with 18
six months ago.
Our Winter 2019 survey pinpointed the bottom of the Sydney trough
and this Autumn 2020 survey provides strong evidence of the market
revival, showing just how much has changed since the middle of
2019. The number of suburbs classified as declining markets has
dropped from 66 suburbs six months ago to 12.
The suburbs with growing sales activity are spread across 22
municipalities in the Greater Sydney area, but it is clear that the
greatest uplift is being felt at the upper end of the market and
that the revival is not evenly distributed.
The leading LGAs in terms of the number of growth suburbs are the
Northern Beaches, Sydney City and Inner West municipalities.
An exception is the Blacktown LGA, which is showing healthy signs
of revival. But other outer-ring regions – such as Penrith,
Liverpool, Camden and Campbelltown – have only small numbers of
growth markets, with sales levels generally remaining at moderate
levels.
And there are still several locations which we continue to classify
as "danger" markets.
So the Sydney story heading into 2020 is one of recovery - but
buyers need to be aware that this recovery is not universal across
all areas and do their research.
Find out more -
https://www.hotspotting.com.au/premium-reports/top-5-sydney-hotspots-2261.html