Review of median house prices 2018-2020
Despite all the headwinds from bushfires and the worst pandemic in our lifetime, overall, 2020 was a great year for median house prices in our area. Increases in all areas reversed the decreases in the previous year while volumes were also up from...
Despite all the headwinds from bushfires and the worst pandemic in our lifetime, overall, 2020 was a great year for median house prices in our area.
Increases in all areas reversed the decreases in the previous year while volumes were also up from 189 in 2019 to 213 in 2020.
A dramatic increase in demand from all areas of Sydney and a number of interest rates cuts during the year are thought to be the main causes.
What can we expect for 2021? The Reserve Bank of Australia announced in November 2019 that its cash rate will not rise for three years and demand from Sydneysiders shows no sign of easing, so overall increases in median house prices are expected to continue in 2021.
Review of median house prices 2018-2020
