Sydney home values have started to edge lower before any change to interest rates, as buyers reach the limits of what they can afford, banks reduce how much they will lend, and more homes are listed for sale. Commonwealth Bank head of Australian economics Gareth Aird said the pricey major capitals have likely peaked, and values dropped due to buyers’ already stretched budgets.

Surry Hills, Newtown and Zetland were among a string of inner suburbs where median house values fell more than 5 per cent last quarter, CoreLogic data shows. House values fell in more than two dozen suburbs in both the city and inner south region, and on the Northern Beaches, which also recorded some of the steepest unit price falls. Apartment values in Curl Curl, Freshwater, Forestville and Queenscliff declined more than 4 per cent.

Prestige Properties: The market for homes priced above $10m is stronger than at the end of 2021 and with limited stock, prices are tipped to keep rising for prestige properties.  

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.

We recently achieved outstanding results in Waverley, Paddington, Newtown, Darling Point, Hurstville Grove, Gymea Bay and Mosman.

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