WELCOME TO OUR FIFTH EDITION OF ON THE MARKET 2026 As we head into Autumn, the Upper North Shore property market is shifting into a more strategic and segmented environment, shaped largely by economic conditions rather than any change in underlying demand. Over the past 12 months, we’ve seen a moderate adjustment in pricing, with many homes now trading approximately 4–8% below peak levels. This aligns with broader Sydney trends, where higher interest rates have reduced borrowing capacity by an estimated 10–15%, directly influencing how buyers engage with the market. Importantly, this is not a demand issue. The fundamentals of the Upper North Shore remain strong, supported by leading schools, transport infrastructure and long-term owner-occupier appeal. What has changed is buyer behaviour. Demand is now more concentrated at specific price points, with lower and mid-priced homes outperforming the premium market due to constrained borrowing capacity. This is creating a clear divide across the area. Homes that are well-located, well-presented and priced in line with current expectations continue to generate strong engagement, often attracting multiple buyers early in a campaign. In contrast, properties positioned above market expectations or requiring significant improvement are taking longer to transact. At the same time, broader economic conditions remain influential. Inflationary pressures and rising global energy costs are likely to keep interest rates higher for longer, continuing to shape buyer confidence and borrowing power throughout 2026. We are also expecting a gradual increase in stock levels as some households and investors respond to higher holding costs. More supply will create greater choice for buyers and reinforce the importance of strategy for sellers. For homeowners, 2026 is a market defined by precision rather than momentum. When properties are aligned with current conditions and launched with a clear strategy, buyers remain ready to act decisively. TURRAMURRA | WAHROONGA | ST IVES | ROSEVILLE | HORNSBY | PENNANT HILLS +61 (2) 9449 9066 | uppernorthshore.nsw@raywhite.com
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