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Talking Property - The 2022 Sydney Property Market Previewed

The Sydney Property Market is coming off a boom year as we commence 2022. A multitude of challenges awaits the market in 2022 yet buyer sentiment remains high and interest rates are low. SQM's Louis Christopher recently joined Harris Partners' Peter O'Malley to dissect the critical factors likely to determine the market in the coming year. In this chat, Louis outlines:

 

  • SQM's forecast for houses and apartments
  • The risk for housing with rising inflation
  • How APRA and the RBA will respond to rising prices in 2022
  • The importance of open borders for the rental market and much more…
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Insights

Bouncing off the ceiling when a market peaks...

One of the challenges a vendor is likely to face in 2022 is that the market peaked in 2021. Acceptance of this point will make selling easier. Denial of the fact the market peaked in 2021 and is bouncing off all time highs in 2022 can cause a vendor to unintentionally make a costly mistake.

There will still be strong sales and record prices achieved in 2022. But there won’t be boom time results across the board like there was in 2021. Anyone selling in 2022 needs to be careful as to how they treat/respond to genuine fully priced offers.

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Audio

2GB Property with Luke Grant

In this episode of 2GB Property with Luke Grant, Peter discusses the year that was in Sydney Property through 2021 and offers his thoughts on what we can expect as 2022 moves ahead.

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