Buyers are in the box seat in Sydney, with a surge in listings providing more opportunities for both owner-occupiers and investors. For those using a buyers’ agency in Sydney, this surge offers an excellent chance to secure prime properties.
According to CoreLogic, the surge in listings over Spring has led to reduced levels of competition along with auction clearance rates which are making for a more balanced market than we’ve experienced in the past 12 months.
Buyers agency Sydney clients now have more stock, which means more options to choose from.
More stock, more options for buyers
Over the past few months, Sydney’s market has experienced a slowdown in price growth in some areas, creating a more favourable environment for potential buyers. CoreLogic’s data shows that Sydney’s home values increased 0.5% over the past three months, the smallest quarterly rise since early 2023. This stabilisation, coupled with a rise in stock levels, has been giving buyers more choices and greater flexibility when it comes to finding the right property during the start of the Spring selling season.
The increase in listings means properties are sitting on the market longer, giving buyers time to weigh their options. Suburbs that were previously too competitive are now offering more inventory, which is ideal for those working with a buyers agency in Sydney and looking to re-enter the market.
Additionally, the rise in stock levels is expected to slow down price growth, providing buyers with an opportunity to enter the market. With total stock levels now sitting 7.3% higher than last year and 13.6% above the five-year average, buyers have a clear advantage when negotiating and securing their desired property.
A slower market opens doors for investors
Sydney’s market has been a hotspot for investors for years, and the current slowdown in price growth presents an excellent opportunity for those looking to invest. The combination of higher listings and the potential for price softening in the coming months could make Sydney a more attractive option for investors seeking long-term value or those wanting to secure a better-quality property.
Investors can take advantage of this period to find blue-chip properties with plenty of long-term growth potential. While interest rates remain relatively high, the prospect of future rate cuts could further boost demand in Sydney’s property market, making it a good time to look at investment properties before the next wave of growth begins.
The increase in available homes has also provided investors with more choices in terms of property types and locations. Areas that were once too competitive for investors, such as Sydney’s inner suburbs, now offer more opportunities.
Blue chip markets continue to thrive
While Sydney’s overall property market is stabilising, some areas continue to show resilience. Suburbs like the Northern Beaches, Inner West, and Eastern Suburbs are seeing a steady influx of new listings, offering buyers a range of options
These areas are always particularly attractive to families, professionals and Sydney buyer agents who are seeking a great location, better amenities, and a great lifestyle. With the increase in listings, buyers can now explore these suburbs without the fierce competition that we’ve seen in the market in previous years.
A positive outlook for Sydney’s property market
While some Sydney buyers agents predict that Sydney’s home values could experience a slight decline towards the end of the year, the overall outlook remains positive. The increase in listings is providing much-needed relief to buyers, and the market’s underlying fundamentals, such as population growth and strong demand, suggest that any downturn will likely be temporary.
Looking ahead, Sydney is well-positioned to see another growth leg once interest rates begin to ease. Buyers who act now can take advantage of the current conditions to secure properties before the market picks up again. With more stock on the market, less competition, and potential rate cuts on the horizon, blue chip properties are looking particularly appealing.
