Belle Bondi Junction & Queens Park

Housing values surged to record highs in Sydney and the local area over the first half of 2021. Prices remained elevated through to the end of the financial year as strong demand from buyers outpaced the volume of listings. Sydney housing market values fell -2.9% through the 2020 COVID downturn, before surging 14.9% through the first six months of 2021. Key drivers remain to be the economy, ultra low rates, government incentives, fear of missing out (FOMO) and the return of investors. In Bondi Junction, the median selling price for houses has risen by 17.8% so far this year to $2,575,000. Apartment prices have also risen by 3.5% to a median of $1,177,500. In Queens Park, a strong increase of 19.8% for houses has been recorded to a median value of $3,300,000, and for units an increase of 30.2% to a median of $1,302,500. Since Sydney’s second lockdown began in late June, we have seen a boost in buyer enquiry. We anticipate the Eastern Suburbs property market to remain resilient with more growth expected in the coming months. If you have any questions on the real estate market or if you are looking to buy or sell, please get in contact with me, I would love to be of assistance to you. Edward Brown Principal/Sales Executive Edward Brown | 0414 366 553 Principal/Sales Executive edward.brown@belleproperty.com Market wrap.