Adrian Tsavalas, director of inner west real estate group Adrian William, said it was worth remembering that prices that seemed high today would become normalised.
“If you take somewhere like Marrickville, the conversation used to be that you wouldn’t be able to find a house for under $1m,” he said. “That same conversation is now about $2m. It is only a matter of time before it becomes $3m.”
Source: PropTrack
Mr Tsavalas added that buyer confidence was improving. “In a rising market buyers will be more courageous with their offers … a lot of people are expecting prices to go up later this year as interest rates are cut.”
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