Housing market momentum that began in January has intensified following the Reserve Bank’s second interest rate cut in May. What started as expectations of modest growth has evolved into conditions similar to 2021, exceeding early-year predictions. Sydney’s acceleration toward the two million dollar median continues with it now sitting at $1.6 million, while the unit market at $900,289 appears destined to join the million-dollar club. Given our sensitivity to rate cuts, and the potential for another cut before year’s end, hitting a $2 million dollar median seems possible by the end of 2026. Steady transaction volumes suggest a market with balanced dynamics between buyers and sellers. While the market is certainly strengthening and conditions are favourable for continued price growth, fundamental differences in monetary policy settings and household financial positions suggest a more moderate trajectory than the unprecedented boom witnessed during the pandemic. If you’d like an update on the value of your home in the current market, get in touch to arrange a no obligation appraisal today. Market update
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