SALES RISE AS PROPERTY ACTIVITY REBOUNDS IN LOCKED-DOWN MARKETS

More properties are being sold as activity rebounds in Australia’s two biggest markets of Sydney and Melbourne with an end to COVID lockdowns in sight, amid record buyer demand nationally. 

The latest PropTrack Housing Market Indicators Report showed market activity picked up in September, with measures of buyer interest reaching new highs despite the long lockdowns in Sydney, Melbourne and the ACT.

The turnarounds in activity in locked-down states drove an increase in national sales volumes last week, realestate.com.au senior economist Eleanor Creagh said.

“Overall, we have a clear picture that coming out of lockdown with freedom in sight, activity is turning a corner and is beginning to pick up,” Ms Creagh said.

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