Market Wrap - 09 September 2021

Market Wrap - 09 September 2021
  • The strong sales results continued this week with

    16 Datchett Street, Balmain East,

    18 Datchett Street, Balmain East ($1,600,000), and

    7 Waratah Street, Leichhardt ($2,200,000) all selling after successful sales campaigns. 

  • The Reserve Bank of Australia has yet again held interest rates at record low levels of 0.1% at their September meeting. RBA Governor Phillip Lowe reinforced in his statement the fact that house prices continue to rise despite the ongoing challenges. Find out more here
  • Buyer demand has reached record levels despite lengthy coronavirus lockdowns in the nation’s biggest property market of Sydney, but purchasers have limited choice as prices continue to rise. Learn more
  • The state is well on its way to its 70 percent double dose vaccination goal - after 75 percent of people received their first jab - prompting NSW’s Crisis Cabinet to confirm last night that October 18 would be the day restaurants, bars, and retail would open for fully vaccinated people. Discover more
  • Sydney’s housing affordability crisis is leaving essential workers – the ones keeping Sydney going during lockdown – struggling to keep a roof over their heads, new analysis shows. Explore more here. 
  • The 2021 Spring Market has had the most dramatic and turbulent of lead-ins as the pandemic takes hold. To assist you in making a winning trade this spring, we have outlined the issues that are likely to determine the spring market. Read on to make the most of your property transactions this spring.