The Upper North Shore property market has led the consistent growth of prices experienced across Australia since early 2023, primarily due to a scarcity of available properties. As Spring arrived and the number of listings increased, discussion about the sustainability of this upward trend escalated. While listings have certainly increased, evidenced nationally by Ray White auction volumes, with 407 properties scheduled for auction in the last week of September, versus 191 the year prior. The clearance rate of 74% showed sustained demand to match that rise in listings. Competition across our auctions on the Upper North Shore remains high with evidence continually showing that taking a property to auction will result in a higher sale price than any previous offers. Demand for properties on the Upper North Shore is always high but over the past quarter demand has been further impacted by dramatic population growth and heightened construction challenges and costs. Additionally, increased rental demand has made buying more appealing and financially viable than ever before. Welcome
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