Do you think lockdowns affect price/stock quantity?

Sydney heading into Lockdown for the inner rings. How do you think this will affect Syd property market? Lower stock = higher price for the few who have listings? Or visa versa; lower buyers, lower prices

 

Melbourne lock down is a great example, it really dampened the market and auction rates quickly fell.

Depending upon how long Sydney lockdown is going to last, it has massive consequences for property markets Australia wide. Sydney prices will suffer for next 2-3 weeks based on current situation for sure and it can get worse.

I expect Brisbane to slow down as well given Sydney investors will be missing in action.

As a buyer great opportunity but you have to weigh it again the risk of delta variant leading to a full blown spread which could lead to price declines - we have seen how shaky our property markets have been in last 5 years.

 

I definitely think lower stock on market over the next few weeks.