May 5, 2022
The Sydney market represents an opportunity for investors right now because the evidence suggests it’s less competitive than in 2021, so it’s becoming easier to buy well.
And vacancy rates are dropping fast and rents are rising, a situation that will be enhanced by the re-opening of international borders and the return of overseas migrants and students.
Let’s look at the background …
Sydney is the one capital city in Australia where there is some evidence that its property market has passed its peak.
Property prices seem to be hitting a plateau but it’s still too early to make a definitive call on whether its growth has stopped.
Sales activity appears to have tapered off in the early part of 2022 and CoreLogic figures suggest there was a small decline in the past two months in median prices for apartments and houses.
But there are many factors at play and it’s too soon to make a definitive call on where prices in Sydney might go for the remainder of 2022 and beyond.