New hope for homebuyers as market hits decade high

 Sydney’s property market has seen its busiest end to winter in more than a decade with new listings increasing by a quarter compared to July, according to new PropTrack data.

There is hope for Sydney home buyers with the upward trend expected to continue into the spring selling season.

August was a busy month for new listings in Sydney, with the latest PropTrack Listing Report showing an 18.4 per cent increase compared to August last year. PropTrack senior economist and report author Angus Moore said Sydney had a busier than typical August.

“After a quieter first half of 2023, property market activity appears to be picking up in Sydney,” he said.

Mr Moore predicted the upward trend will continue and reach its typical peak around October and November.

West Ryde, Lidcombe and North Sydney saw the biggest change in new listings from last year, the PropTrack data showed.

https://www.realestate.com.au/news/proptrack-listing-report-busiest-august-in-a-decade/ 



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