Ray White Upper North Shore

The Pymble housing market is the strongest it has ever been with a 21.3% increase in house prices already this year. And it’s still going up. This is on the back of a 10.7% increase last year. Paradoxically the lockdown in Sydney starting in July has actually driven prices up when almost every property commentator was suggesting the lockdown would result in significant drops. If you’re thinking of selling we are in a perfect storm of cheap finance, very few properties on the market and a lot of pent up spending demand as families forgo their usual holidays, lunch and dinner outings and shopping trips. In short, there is a significant amount of money waiting to be flushed into the economy, and a lot of this will go into housing. In my experience there has never been a better time to sell. Early signs suggest more stock will come onto the market as we near the end of lockdown and consumer confidence and elation soars. It will be interesting to see how these sentiments combine with concerns about inflation and what we are being told as inevitable future interest rate rises on the horizon in 2022. It is impossible to know for sure but we will watch with interest and update you early next year. Rowan Lazar 0412 329 789 rowan.lazar@raywhite.com WHAT’S HAPPENING IN OUR MARKET?