Sydney East property owners hold on to their homes longer
The average homeowner in Sydney’s Eastern Suburbs is holding onto their home for 9.9 years, which represents a 3.9-year increase on the time they stayed in their house twenty years ago. The ongoing decline in the number of sales is the best evidence for this trend.
A stop-and-go property market
The Eastern Suburbs had an auction clearance rate of 75% on Saturday, April 1 2023 with a 6-bedroom house at 54 Gilbert St Dover Heights selling for $11,800,000.
First-time homebuyers are not benefiting from lower market prices
Even though house prices are still falling across the nation, many Australians want to become first-time homebuyers and aren’t able to enter the market.
Factors affecting property prices besides interest rates
Much has been written about the impact of rising interest rates on our city’s real estate market, but they’re not the only factor driving property values.
Sydney’s 10 most expensive suburbs
Sydney’s property market continues to fetch impressive prices, particularly in some of the most sought-after areas, despite declines from its peak over the past year.Sydney’s Top 10 Most Expensive Suburbs in 2025
Why house prices are higher in the eastern suburbs
Australia’s housing market has been on a roller coaster ride since the pandemic first arrived in early 2020. In the beginning, it fell significantly as a result of the uncertainty surrounding how the pandemic would affect society generally and the economy.
The suburbs with billion-dollar real estate sales in 2022
A number of suburbs across the country reported billion-dollar sales in 2022, despite a slowdown in the residential property market caused by rate hikes.
Are low property listings likely to persist through 2023?
My predictions are that the property market will vary from one area to another. The high-end market has the greatest wealth, so I anticipate there will be a shortage of stock and little price movement.