YOUR LOCAL MARKET UPDATE Spring has well and truly arrived, and with it a noticeable lift in market activity. Confidence is quietly building as new listings pick up and buyers show they’re ready to compete again. Auction clearance rates across Sydney have climbed back above 70%, the highest since mid-2023, and the Upper North Shore has seen strong competition with almost two-thirds of homes selling under the hammer. While days on market remain steady, the increase in activity is a positive sign heading into the busiest time of year. Buyer priorities are shifting Domain’s Spring Report shows Sydney buyers are heading into the season with functionality at top of mind. “Granny flat” has surged into the number one search spot as demand grows for homes with rental income potential, multigenerational living or flexible space. Lifestyle features are still popular, with “waterfront” and “view” remaining highly ranked, but “pool” has slipped to fourth spot, a sign that buyers are re-prioritising towards practicality. Character homes are also enjoying a revival, with “art deco” climbing from 12th to seventh place, pointing to a renewed appetite for heritage appeal. And while “study” has held steady in fifth place, it highlights that work-from-home features remain valued, even if no longer dominant. Key Market Indicators • Sydney prices are up 0.7% over the past month and 2.3% year-on-year • Auction volumes are the highest since June, reflecting growing vendor confidence • I nterest rates remain steady, with economists tipping a potential cut later this year – further supporting buyer sentiment. Time to act Momentum is building fast, and serious buyers are ready to secure their next home before the end of the year. With competition strong and stock still relatively tight, this is one of the best moments in 2025 to sell. If you’re thinking of selling, my team and I use detailed buyer insights to drive competition and negotiate from a position of strength, so you get the best price. Scan below QR code to book your property appraisal now. Jessica Cao 0466 877 260 jessica.cao@raywhite.com
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