
December 2024 quarter

Dr Nicola PowellChief of Research and Economics
Sydney’s housing market has slowed significantly, with affordability issues, rising living costs, and limited borrowing power all taking their toll. The market is finally catching up to the financial pressure many buyers have been facing. At the moment, many potential buyers are holding off, hoping for a cash rate cut to improve their borrowing power. As demand decreases and more homes come onto the market, we’re seeing a shift in dynamics that can’t be ignored. 2024 ended with the highest number of homes for sale for the month of December in six years, setting the foundation for more options during the Autumn season. This has led to softer clearance rates, longer time on the market, and more opportunities to negotiate on price. The autumn selling season will bring opportunities for buyers.
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
