Ewan’s Hot Take: on Quarter One

The real estate market in Sydney seems to be stabilizing, with a steady increase in sales in Q1 2021 compared to the same period last year. The slow start to the year may have been due to a delayed influx of listings, but the market picked up in the last three weeks of March. Auction clearance rates were close to 100%, and there were several auctions with multiple buyers. While the rental market remains tight, with fewer leases being signed, rents are still increasing. The high-end rental market has settled down somewhat, but there is still a shortage of rental properties in Sydney. Landlords can expect an improvement in their rental income. Moving forward, the market is predicted to continue on a steady path, with people eager to get on with their lives after the uncertainties of last year.