The continued rise in house prices is a notable feature of the current market.

According to the latest data, housing prices in Sydney have risen by around 8 percent over the past year. This is largely due to a shortage of supply and strong demand. Sydney is a liveable city, attracting many people from home and abroad to settle and invest.

In addition, the low interest rate environment has stimulated demand for homes, further driving up prices.

Interest in the Sydney property market from overseas buyers continues to grow. In particular, buyers from China are very active in property investment in Sydney.

Although the government has implemented a number of restrictions to curb the investment activities of foreign buyers, this has not stopped their strong interest in real estate.

Sydney's stable political environment, high quality education and healthcare resources and good quality of life are important factors in attracting overseas buyers.

More public housing is being built to meet the needs of low-income people. In addition, the government has launched a program called Building Sydney, which aims to make buildings more energy efficient and environmentally friendly. These measures will help balance supply and demand and ensure a sustainable property market in Sydney.

However, Sydney's real estate market also faces a number of challenges.

First, excessively rapid price increases may lead to a decline in housing affordability, making it difficult for some households to purchase a home. The government needs to closely monitor market conditions and take appropriate regulatory measures to keep the market stable. Second, restricted land supply may lead to a tight market. The government needs to increase land development and rezoning efforts to provide more choices for the market.

To sum up, the Sydney property market is moving towards a new milestone. House prices continue to rise, interest in the market from overseas buyers continues to grow, and the government has taken a number of measures to promote sustainable development and housing supply.

However, the market still faces a number of challenges, including excessively high house prices and a lack of land supply. By maintaining market stability and implementing effective regulation, the Sydney property market will be able to continue to grow and provide more opportunities and choices for investors and residents alike.