The Sydney Property Market – November 2023
The Sydney property market has defied expectations over much of 2023, exhibiting growth and resilience despite a rapid series of interest rate rises and cost of living pressures.
The primary drivers of this market growth have been the low housing supply and unexpectedly robust buyer demand. Â Despite the recent spring uptick in supply we are still seeing active buyers outstripping the number of available properties in many areas. Â The auctions we have been attending for quality properties in popular locations are attracting a good level of competition, resulting in strong sale prices.