Sydney property market

The Sydney Property Market – March 2024

Throughout 2023, the Sydney property market demonstrated remarkable resilience, defying initial forecasts amidst a backdrop of escalating interest rates and mounting cost of living pressures. Despite these challenges, the market forged ahead.

Key to this growth has been the persistent gap between buyer demand and available properties, with active buyers consistently outnumbering listings across a number of areas in which we work.  Auctions for quality properties in sought-after areas have been particularly strong, with competition driving prices upwards, often well over their agent quoted price guides.

Looking ahead to the remainder of 2024, we are optimistic.  Many experts anticipate another robust year fuelled by expected future interest rate reductions and sustained high levels of immigration. These factors are poised to sustain demand and uphold the market’s momentum.