Haynes' 2021 Property Market Forecast

First of all, I would like to wish everyone a very safe festive holiday, I hope that 2021 will be an incredible year for all.

As we close 2020 and enter into 2021 with the lowest cash rate we have ever seen, and the RBA talking about keeping it low for the next three years, auction clearance rates at 78 percent, low stock levels, government cash bonuses and incentives to buy property, stamp duty changes, people can’t travel so real estate becomes a priority, and the list goes on and on, for what looks like a solid 2021 in real estate.

I would hope that the stock increases next year with Covid settling down, and if it that is the case, it should soften the capital gain that has been rocketing in some areas. If the stock levels do stay low, watch out for what could bring incredibly strong increases in prices in 2021.

It's a savvy move to list in January with a February auction date as you will beat the bulk of stock that comes on to the market in March, and early April. Fewer properties mean less competition and that your home will stand out and attract plenty of interest.