A spring in the step of Sydney property listings, auctions
Regular columnist and Real Estate Institute of New South Wales Chief Executive Officer, Tim McKibbin, says indicators show a slight increase in investor buying activity but levels are not what they were pre-pandemic.
Whether the market is booming or bottoming, people’s need for housing remains. (Image source: Shutterstock.com)
In recent weeks, as anticipated, property listings have started to trend upwards. The spring effect.
The volume of auctions held in Sydney each week has been steadily increasing. Total advertised stock has risen to above average levels. Clearance rates are stable though not spectacular, buyer demand remains reasonably strong though FOMO is no longer a driving factor, and all in all current conditions suggest we are moving back to a more seasonal…
