• John Liu

April Property Market Update

Sydney Market Report April

This April the property market showed no sign of slowing down. Even with the Easter and Anzac Day holidays we continued to see price growth across almost every market in Australia. In fact, this is the fastest price growth that Australia has seen in the past three decades.

The market is moving quickly, at Master Real Estate all we have had exceptional months as buyer demand continues to soar. has seen ‘for sale’ searches in April increase 100% YOY with searches sitting considerably higher than levels in both 2020 and 2019.

This has equated to some of the highest clearance rates as well. The national clearance rate has only been above 80% 5 times since 2016 and 4 of those were across March and April. Stock levels are sitting about 10% lower than this time last year and 30% lower than in 2019 which is definitely aiding price growth as stock gets absorbed so quickly.

Across Sydney we’re seeing 1 in 3 homes sell before auction and in some cases at Master's, we have been moving auction dates forward in a strategy to capitalise on this strong buyer demand.

So when will the market cool off? If interest rates remain low and the economy continues to strengthen we should continue to see strong prices, but the rate of growth may start to slow. If it doesn’t we’re likely to hit an affordability ceiling where buyers can’t borrow to match prices or APRA will have to step in to cool the market. However, we’re not at that stage yet and are likely to continue to see these strong conditions continue over the next few months.

John Liu

Sales Manager

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