Northern Beaches emerges as Sydney’s 2021 hotspot
By Bianca Dabu
14 January 2021
|
1 minute read
SHARE
With Sydney set to be a seller’s market in 2021, where will buyers flock as they adjust to the new normal?
Buyer’s agent Grant Foley expects dwelling prices in the Greater Sydney market to increase by six to 10 per cent this year as the city recovers from the headwinds brought about by COVID-19 in 2020.
Record-low interest rates, along with tight supply, will continue to underpin activity as well as price growth, he said.
“Interest rates will continue to fuel demand from owner-occupiers, including first home buyers, while investor activity will lift significantly. Additional demand for Sydney property will also be driven by returning expats.