Buyers are in the driver’s seat. Stock levels are above average levels, properties are taking longer to sell and vendors are having to discount more to meet the market. Sydney prices declined by 0.29 per cent over May – the biggest drop in the country – but prices in regional NSW are up 0.25 per cent over the month.

Despite the slowdown in price growth, prices are still up 35% nationally since the start of the pandemic. This increase in prices and equity continues to enable many existing owners to upgrade or change locations. The slowdown has resulted in more balanced conditions for buyers and sellers. Furthermore, the changeover price to buy and sell is decreasing.

Major bank forecasters do not expect the RBA to increase interest rates nearly as quickly as financial markets, pegging the official rate closer to 1.5% or 1.75% at the end of the year.

Using a Buyer’s Agent: At TBAS®, we offer comprehensive end-to-end support – from identifying and analysing potential properties to dealing with agents, attending inspections, bidding at auction and negotiating a sale on your behalf. We take the time to understand your timeline, budget and exactly what you’re looking for, then create a tailored strategy to get you into your dream home, fast.

Disclaimer: Not all Properties were bought or sold by TBAS® Buyers Agents. The Auction Results Sydney are compiled for research purposes to assist our valued clients in making educated decisions when purchasing proper