Atlas Market Insights

When the world paused last year, we used the time to rethink and develop how we could revolutionise the way people buy, sell and market property. We concluded to deliver the best outcomes for you, our client, we needed to use global insights, and local expertise, and realised by pairing this with cutting-edge technology we can deliver the best outcomes for all involved. Fast forward to 2021, and Atlas was founded as a fresh and modern agency that’s backed by LJ Hooker, Australia’s most iconic brand for over 90 years. Our high-performing agents are the best in the business with world-class industry experience and stellar reputations. We are authentic, transparent and client-centric, meaning the service and results you receive are second to none. So, talking about results, what can you expect in 2021? We partnered with CoreLogic to bring you the most comprehensive market report available. We look at how 2020 has changed the way we live, work and make lifestyle decisions, and what this means for real estate today, and in the months and years ahead. In a world of uncertainty brought upon by a global pandemic, Australia’s property market continues to stand strong. However, undoubtedly 2021 will be a pivotal time in history. Not only is there a shift towards low- density housing, but the newfound popularity of remote working is encouraging buyers to look to regional areas, where lifestyle factors rate higher and property prices are lower. Thanks in particular to record-low interest rates and government incentives, buyer demand is also on the rise. And so are prices, which are expected to continue climbing at pace this year, the fastest since 2003. This growth is fuelled by improving economic conditions and a limited supply of property. In Sydney, the number of suburbs that hit a median sale price of $3 million doubled through 2020. This number is expected to double yet again in 2021. Because of increased competition, buyers are willing to pay premiums to secure properties. A testament to this is auction clearance rates, which are averaging more than 75 per cent each week across the city. Welcome to Atlas’ inaugural Market Report, which will provide valuable insights to guide you on your selling or buying journey. But before you flick forward to what the property market has in store for 2021, I want to share with you the Atlas story. A NOTE FROM OUR CHIEF PERFORMANCE OFFICER 4