Ridgeview Blog

In 2021 Australia’s property market reached new heights with national property values skyrocketing 22.1%. Record-low interest rates, a shortage of supply, and government stimulus packages are just some of the factors which led this remarkable growth not seen since the late 1980s.

When the COVID pandemic hit, the doomsdayers and naysayers made bold predictions that Australia’s housing market was about to hit a swift downhill slide. Amid the merry-go-round of lockdowns, restrictions, mask-wearing and working from home, some property experts forecast hefty real estate price drops of more than 30%. But that prediction didn’t translate in 2021. In fact, it couldn’t have been further from reality.

The Australian property market surprised even the most experienced economists in the aftermath of COVID-19. House prices shot up against all expectations and what’s more, they are predicted to continue surging into the future.

Satterley has a long history of creating some of the most beautiful communities in Australia. This year marks a poignant milestone, as the company celebrates 40 years, which all began with one person, Mr Nigel Satterley AM.

What a year 2020 has been. To describe it as challenging would be an understatement, yet Australians have pulled through with trademark resilience. The Australian property market has defied the odds and weathered the storms of 2020 with incredible strength, but some potential home buyers are still wondering: is it a good time to buy real estate?