Property prices in the Sutherland market have bounced back more than 15 per cent from where they were during the 2017 market downturn according to a real estate agent comparison service.
OpenAgent Data Analyst Carson Teh says confidence in the Sutherland market is back to where it was before the downturn.
“In the most recent quarter, expectations for property prices in Sutherland were almost as high as they were at the beginning of 2017,” he said.
“Dwelling values in South Sydney areas like Sutherland were on the decline for many months, but home sellers likely got their confidence back after prices and market activity started picking back up at the end of last year.
“In particular, houses in many Sutherland suburbs had significant three-month growth last quarter including Port Hacking (+18.34 per cent), Kurnell (+9.81 per cent), Alfords Point (+9.59 per cent) and Woronora (+9.13 per cent).”
Source: Leader
