Spring is here with all its beauty and unpredictable weather – much like the Sydney property market which continues to delight, frustrate and creep upward!
Over the last 4 – 5 weeks the market has enjoyed strong clearance rates, ranging from 74% – 84% driven mainly by strong buyer demand and lack of supply.
While the continued low interest rate gives buyers more confidence to spend, there has been little to spend it on.
Typically at this time of year, there is a lot of anticipation for new homes and while we have seen more properties come on, the market is still a little sluggish.
We hope this changes over the next few weeks or we may see buyer burn out as some buyers walk away from auctions feeling discouraged and emotionally drained from the process.
Good luck with your search and we will see you next time.

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