The Sydney Property Market – December 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 mounting cost of living pressures.
The primary drivers of this market growth have been the low housing supply and unexpectedly robust buyer demand. Despite a spring uptick in supply we are still seeing active buyers outstripping the number of available properties in many areas. The auctions we have been attending for quality properties in popular locations are attracting a high level of competition, resulting in strong sale prices.