November 2024 quarter
In 2024, Sydney’s property market demonstrated resilience amid ongoing economic turbulence. Prolonged cost-of-living pressures and a cash rate that remained higher for longer than many had hoped did little to derail overall performance. However, growth started to moderate towards the end of the year as affordability constraints and borrowing limits weigh on buyers. Anecdotal evidence suggests that many potential purchasers are biding their time, delaying property purchases until interest rate cuts. This supply and demand imbalance pushed the number of homes for sale to a six-year high for the month of November. The upside for buyers was easing price growth, softer clearance rates and longer days on market for sellers. Negotiations on price have become more frequent, signalling a shift in the balance of power between buyers and sellers.
Auction Market
Houses
Units
Days on market
The average number of days Strathfield – Burwood – Ashfield properties were advertised for, in the last 3 months
Origin of enquiries
