Sydney Suburbs snapshot since the onset of interest rate increases
Several suburbs in Sydney have shown remarkable resilience by recording price growth despite the Reserve Bank of Australia’s (RBA) series of interest rate increases from 0.1 per cent to 4.1 per cent over the last 12 hikes, commencing in April 2022. Eastern Sydney Selective Suburbs Snapshot: Suburb Type Median Price to July 23 Median Price […]
The eastern suburbs property prices in the first half of 2023
The Eastern Suburbs property market has been very different this year than last. Last year was all about declining demand and price falls. This year is all about recovery.
Is Today’s Property Market Cycle Bizarre?
Over the past three years, Sydney’s property market has taken us on a wild ride—surging highs, sharp falls, and an unexpected rebound. It begs the question: is this the new normal?
Sydney Auction Metrics 29/4/23
There are 570 auctions scheduled across Sydney for the coming week (down 6 from the previous week), and a clearance rate of 71% (no change).
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.