CITY SPOTLIGHTS
MEDIAN HOUSE PRICE
$983,262
MEDIAN APARTMENT PRICE
$743,288
CORELOGIC, SEPTEMBER 2020
SYDNEY & SURROUNDS
COVID-19 clipped the wings of Sydney’s property market recovery, interrupting a solid rebound since the federal election in May 2019 and creating uncertainty throughout 2020. Sydney home values were protected during the early phase of the virus by the two interest rate cuts, massive government stimulus and loan deferral options. This kept genuine buyers engaged in the market whilst listings fell, creating a positive supply/demand balance that resulted in healthy auction clearance rates of 60-65%1 from mid-May through to October.
McGRATH REPORT 2021
29
