Why Sydney homebuyers are out in force again SydneyRealEstate
“We’re seeing our highest attendances in a year which is a sign that buyer demand is strong,” Upside Realty’s director of sales James Kirkland said.“Some of our agents are even seeing 30 people plus at inspections.”
“It did surprise me a little but, even before the house sold we had 59 couples through over a four week period,” he said. Mr Kirkland said auction clearance rates were also reflecting buyer confidence, with April 22 figures at 70.8 per cent in Sydney, 71.6 per cent in Melbourne and 53.2 per cent in Brisbane.“Nationally, auction clearance rates are at their highest level since mid-March 2022 before the start of the interest rate hikes.”
Mr Kirkland said Tuesday’s decision to increase the cash rate to an 11-year-high would not slow down the confidence across the market.“From a buyers point of view, they know what they are paying and what they can borrow.
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