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Pricing

Pricing trends & contributing factors driving the Sydney property market

July, 2024

As the property market continues in a state of limbo with analysts unable to agree on the next move, one may wonder whether waiting on the sidelines is the best approach. “It is hard to imagine a crash, particularly given we have such an undersupply of housing" Domain chief of research and economics Dr Nicola Powell. Some buyers are feeling that prices could be about to pull back with the other half convinced the next growth cycle is only just beginning.

The reality however is much less black and white. Depending on where you search, the data available to you, your appetite for negotiation and of course, your ability to make confident and swift decisions when necessary, will mean the difference between paying more or saving significantly. One suburb's price point won't always be an accurate representation of a neighbouring post code and vendor expectations should never be considered going rate.

Having the right market knowledge will mean you can buy intelligently in any conditions without having to wait for a downturn.

https://www.domain.com.au/news/will-the-property-market-ever-go-backwards-1297752/

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March, 2024

The Sydney property market continues to go from strength to strength with values up 0.6% in February, accelerating from 0.2% in January and 7.8% YoY. Similar news with listings, up a massive 174.5% in January vs previous month and a 20.8% increase when compared to the same time last year. 

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A positive for buyers is more choice with the caveat that demand is also up, and competitive negotiations are becoming more commonplace. To avoid overpaying and letting the fear of missing out drive your decisions, ensure you have adequate knowledge and the right strategy in place.

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More and more properties are being sold off market and pre auction, meaning your ability to make informed and swift decisions has never been more important. https://www.timeout.com/sydney/news/theres-been-a-big-jump-in-sydney-home-sale-listings-heres-what-that-means-to-those-in-the-market-022924​

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