Influencer in post-covid time
First-home buyers will find it harder to save for a deposit as prices are set to rise even more this year. Photo: Peter Rae
Sydney’s auction market has had its biggest result in 24 years, as the preliminary clearance rate reached 88.7 per cent at the weekend.
Record low interest rates and a fear of missing out as house prices accelerate sharply are driving Australians to buy property in a booming market.
There are two key ingredients ultimately needed for the Sydney auction market to lose its head of steam: common sense and higher interest rates.
Unvaccinated residents across New South Wales are likely to be restricted from sporting events, pubs and restaurants until 90 per cent of the population has received both jabs.
The unforgettable year—— 2020