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James

James

Real estate , NSW

NSW: Most parts of Sydney’s housing market have continued to boom despite the city’s extended lockdown

1Mo ago 0 Replies 67 Views
City regions where prices are poised to continue marching upwards, despite the lockdown restrictions and tense economic environment, included the northern beaches and eastern suburbs.

Buyer demand in these regions continues to outweigh housing supply and competition for listings remains tight, sales data showed.

Conditions have been different in parts of the north shore, Ryde area, Blacktown and Central Coast, where a bump in listings and softer demand has helped cool the local markets.

The slowdown was most apparent in the Blacktown region, where prices ballooned by an average of 3 per cent in March but slowed to 1.6 per cent in June. Preliminary indicators suggested a further slowing would occur in July.

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