It would appear that the recent out of cycle interest rate increases and tightening of investor loan options is making some impact on the Sydney property market with auction clearances now below 56% – down from 90% only a few months ago, the Sydney property market is still strong but slowing.  New listings for November are down by over  16%  and values have come off by 1.20%.

While auction clearance rates are holding up well in the inner suburbs and northern beaches – areas such as the hills district are are down below 40% with the central coast and Parramatta not much better at only 43%.

Housing affordability for home buyers combined with relatively poor rental yields ( when compared to Brisbane) suggest that the trend will continue.

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