Time to buy property in Sydney?

Auction activity is buzzing with Sydneys busiest week since early April

Sydney and Melbourne, have recorded their busiest end to winter in over 10 years, with listings up around 20%.

CoreLogic’s Property Market Indicator for the week ending 17 September 2023 has revealed a rise of 2.6 per cent in Sydney’s  auction activity (2,334)

Clearance rate was only  70.1% - not bad when compared to  60.1% 2022 (not as good as in past)

According to PropTracks senior economist Angus Moore, new listings increased year on year since August 2022 - with new listings on realestate.com.au up 20.5 per cent nationally in August and up 4.1 per cent compared to the same time last year. 

He said that they are expecting this activity is likely to continue increasing over the spring selling season, reaching the “typical peak in October and November”.

Home prices nationally have continued to recover, posting their eighth consecutive month of growth in August reaching their previous peak 

Is it time to buy? 

A unit or a house? 

Inspired from mortgage business