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Solid Start for Sydney 2022 Home Buyers – Despite Covid Concerns

The Sydney housing market has commenced 2022 with continuing solid buyer activity - despite ongoing covid restrictions and concerns.

Sydney’s western suburbs have clearly reported the highest number of houses sales over January at 487 followed by the South West 277, the Upper North Shore 111, and the South with 110.

Sydney 1

Although current median house prices in the popular West and South-West regions are just under $1,000,000, they remain well below those recorded by Sydney’s inner suburban regions.

Sydney 2

The top Sydney suburbs for house sales reported over January are Box Hill, Schofields, Blacktown, Austral, and Marsden Park – all in the West and South West.

Although the Great Sydney Price Boom of 2021 has eased as affordability barriers from high prices have increasingly constrained buyer activity, the local market clearly remains robust - particularly in lower-priced, more affordable outer-suburban regions.

ALSO READ: These suburbs joined the million-dollar club in Sydney

About Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
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