Hosts Ciaran O'Brien and Peter O'Malley break down Sydney’s spring property market as a surge of new listings puts pressure on clearance rates. With 1,115 auctions scheduled in a single week and clearance rates slipping to 51%, many vendors are choosing to sell prior rather than risk auction day.
We also discuss:
- Growing employment concerns with job losses in banking and the rise of AI/offshore outsourcing
- The looming stagflation threat as unemployment and inflation risk moving in opposite directions
- Sydney rental vacancy rates tightening to 1.4% (down from 1.6% last year) despite earlier “crisis” warnings
- Annual Sydney rental price growth at 4.2%, double the 2.1% inflation rate
- Even stronger rental growth in other cities: Hobart (10.6%), Darwin (8.9%), Brisbane (7.3%)
- NSW government’s Parramatta Road redevelopment plans — 3,000 new homes from Camperdown to Leichhardt
- Infrastructure bottlenecks raising doubts about realistic housing supply increases
- First home buyer incentives (commencing October 1st) influencing some buyers to delay purchases
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