The first quarter of 2025 has delivered a confident and energised start to the Upper North Shore property market. Buyer sentiment lifted, contributed by the Reserve Bank of Australia’s February rate cut and a renewed sense of optimism across the market. From January through to March, activity has remained consistent, with healthy buyer demand and strong engagement across all segments of the market. With affordability conditions easing slightly and borrowing capacity improving, we’ve seen a steady flow of motivated buyers eager to transact. Many properties are attracting competitive interest, with well-priced and well-presented homes selling well. Auction clearance rates have been steady throughout the quarter, reflecting growing buyer confidence and an increase in serious, finance-ready purchasers entering the market. Nationally, both house and unit values rose 0.2% in February, building on a trend that began in January. Sydney continues to lead as Australia’s most expensive capital city, and the Upper North Shore remains one of its most sought-after regions. Across our local suburbs, we’re seeing consistent price growth, underpinned by strong lifestyle appeal, access to leading schools, and an enduring reputation as a high-performing market. Looking forward, the signs remain encouraging. With inflation moderating and the possibility of further rate cuts later in the year, market conditions are expected to stay positive. We anticipate steady demand throughout Autumn and into Winter, particularly from buyers hoping to get ahead of the traditionally competitive Spring season. For sellers, this means a valuable window of opportunity to take advantage of current momentum. The largest change in our market has been the increase in sale prices for those properties within the new re-zoned areas where land opportunities for medium level density development is very highly contested. With the year off to a strong start and buyer activity on the rise, 2025 is shaping up to be a great time to sell. If you’re thinking of making a move this year, please let me know if you have any queries and how else I can help. James Levy 0414 474 868 james.levy@raywhite.com YOUR LOCAL MARKET UPDATE
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