As we move into 2025, Sydney’s real estate market is recalibrating after a year of mixed results, offering both challenges and new opportunities for buyers, sellers and investors. The spring of 2024, usually a peak selling season, was slower than expected. Nationally, sales volumes fell 4% below the five-year average, but Sydney’s Upper North Shore stood out with a more significant dip - down 15.1% compared to historical trends, according to CoreLogic. This slowdown was attributed to a mix of cautious buyer sentiment, higher stock levels, and longer median selling times, which increased to 32 days from 27 in 2023. My key highlights from 2024: • I sold 13 properties last quarter, breaking 3 street records and 1 complex record • A total of 50 properties sold in 2024, with sales reaching $192.8 million • 14 street records broken, showing demand for premium locations • I received multiple industry awards due to my deep local knowledge and expert insights. Looking ahead, the market in 2025 is expected to experience gradual adjustments. The easing of mortgage stress and a significant rise in building approvals (hitting a 22-month high in late 2024) suggest a more stable environment could emerge, particularly in sought-after areas like the Upper North Shore. The Upper North Shore still remains popular for house sales for several reason: 1. Lifestyle and Amenities: a more suburban lifestyle with proximity to nature, parks and quality schools. 2. Green Space: many areas have abundant greenery, with national parks and bushland reserves offering outdoor activities. 3. Top Schools: home to some of Sydney’s best public and private schools, a huge draw for families. Good education options drive the demand for housing in these areas. 4. Strong Investment: the area has historically shown strong capital growth, making it attractive for buyers looking for long-term investment potential. For sellers, standing out in a competitive landscape will require smart, strategic pricing and a deep understanding of market conditions. Buyers, on the other hand, may find opportunities especially if mortgage pressure begins to ease. Sydney’s real estate market remains a landscape of opportunity, but only for those who are prepared to navigate the shifting tides. Whether you’re buying, selling, or investing, 2025 promises both challenges and rewards, with the potential for exciting returns for those ready to act with insight and strategy. If I can assist with your property goals or if you wish to understand your property’s updated value, please reach out anytime. Coco Cui Roskam 0422 683 409 coco.roskam@raywhite.com LOOKING BACK ON 2024, AND WHAT TO EXPECT IN 2025
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