Looking back at 2022
As we prepare for the New Year it’s interesting to look back at the year that was. At the start of the year the market was still relatively hot with low listing numbers and Sydneysiders looking to escape to the coast. Interest rates weren’t...
As we prepare for the New Year it’s interesting to look back at the year that was.
At the start of the year the market was still relatively hot with low listing numbers and Sydneysiders looking to escape to the coast. Interest rates weren’t supposed to rise until 2024 according to the RBA and now look what has just happened!
Eight interest rate rises in a row and everyone wondering how this could be happening.
Despite all this, real estate in our areas of 2508 and 2515 has continued to respond well, with more records set across a number of suburbs and new or renovated properties doing particularly well.
While Sydney has officially recorded a 10% decline in prices over the year, most of our suburbs have resisted any decline in prices. We all live in a magic part of the world so this is not surprising to any of us.
