Property prices on the rise in Sutherland Shire

OpenAgent Data Analyst Carson Teh says confidence in the Sutherland market is back to where it was before the downturn.

"In the most recent quarter, expectations for property prices in Sutherland were almost as high as they were at the beginning of 2017," he said.

"Dwelling values in South Sydney areas like Sutherland were on the decline for many months, but home sellers likely got their confidence back after prices and market activity started picking back up at the end of last year.

"In particular, houses in many Sutherland suburbs had significant three-month growth last quarter including Port Hacking (+18.34 per cent), Kurnell (+9.81 per cent), Alfords Point (+9.59 per cent) and Woronora (+9.13 per cent)."

Licensed real estate agent at McGrath Melissa Hatheier agreed with the recent data and said the Sutherland market is almost back to where it was 18 months ago.

"I think the statistics support what I see on the ground," she said.

"I put an apartment on the market in Cronulla and it sold for more than $1.1 million in less than two weeks.

"The other good sign is the type of buyers on the market. People are looking to buy, fear of missing out is coming back.

"Consumer confidence is definitely back. Buyer numbers are still very large and competition is still strong. I think there are good times ahead.

"One of the reasons our market took a downturn was due to the banking royal commission, but now banks are super competitive and consumers are finding it easier to find finance."