Market Wrap - 18 February 2021

Market Wrap - 18 February 2021
  • 20 Springside Street, Rozelle sold last night after a very successful sales campaign with 668 enquiries and 8 offers being made on the property. 

 

  • The NSW Government is opening consultation on a proposed centralised digital strata hub to make it easier for anyone who seeks to buy into a strata block to get information. Read more

 

  • Just 13% of deferred housing loans are yet to resume mortgage repayments, according to new data from Australia’s largest banks. From the four major banks, 78,556 loans remain deferred. 60,562 are housing loans11,263 are business loans, and the remainder are a mixture of personal loans and credit cards. Read more here.

 

  • Seven things to bear in mind about the Australian property market as prices swing upwards: Dr Shane Oliver. Read the full article

 

  • In the year to January, CoreLogic estimates that there were 459,308 properties transacted across Australia. Most of these sales were houses, rather than units. It is not unusual for house sales to make up the majority of transactions, with houses making up an average 70.2% of annual sales volumes over the past decade. Read more here

 

  • Apartment prices in suburbs that rely heavily on university students could feel downward pressure for some time after recording steep falls in 2020, Angie Zigomanis, director, research and strategy at Charter Keck Cramer, says. Read the full article

 

  • In normal times, there wouldn’t be a need for a market update in February, as the market unofficially closes or winds down between late December and late January. However, this summerbuyerssellers and real estate agents simply stayed home and transacted property throughout. In this edition of the Real Estate Report, the feature article dissects the current state of the Sydney property market.

 

  • 78 Evans Street, Rozelle sold last week after a very successful sales campaign with 446 enquiries and 4 offers being made on the property.