Market wrap for Strathfield – Burwood – Ashfield
July 2024 quarter
Dr Nicola Powell
Chief of Research and Economics
We’ve seen a steady stream of new home listings throughout autumn and winter, consistently topping the five-year average across Sydney. Demand has held up, thanks to rising investment and first-home buyer activity, but the higher supply is definitely testing how deep buyer interest really goes. Sellers seem confident, and with the city heading into the spring selling season with total supply higher annually and above the five-year average, buyers will have more options than they’ve had in years. Even with the supply rebalancing, it’s important to remember that we’re still not building enough new homes to keep up with population growth. It’s this structural undersupply that needs to be addressed.
