According to CoreLogic’s daily dwelling values index, Sydney’s property market is tracking towards 20% price growth this year.
So far in 2021, Sydney dwelling values have risen an extraordinary 4.7% with the pace of growth quickening over the past six weeks.
Quarterly growth is now the strongest in Australia at 5.2%, after growing by 2.5% in February and another 1.7% in the first two weeks in March.
The two key short-term indicators for Sydney’s property market suggests momentum will remain strong in 2021.
New mortgage growth has rebounded strongly, which typically leads price growth.