Audio

Talking Property – The 2023 Sydney Property Market Reviewed

Talking Property – The 2023 Sydney Property Market Reviewed

7 months ago

Brace yourselves as we navigate the intriguing twists and turns of the 2023 Sydney property market with Louis Christopher from SQM Research. We'll be analysing the impact of surging interest rates and the concerns stirred by the RBA regarding escalating housing prices.

Get ready to examine the recent slump in auction clearance rates and discuss the disparity in performance between houses and units. We also delve into potential distressed selling scenarios and the effects of the sudden population boost due to the reopening of international borders.But wait, there's more! We're not only keeping our eyes on Sydney, but we're also dissecting nationwide issues, including the downturn in dwelling approvals.

Uncover the possible triggers and the government's role in fostering certainty. Understand the structural decline in listings over the past decade, and how transaction costs are impacting property holding decisions. We'll also discuss the surprising lack of financial distress and how it explains the low number of forced sales. So, get ready for an enlightening conversation that goes beyond the norm, as we uncover the realities and expectations of the Australian property market.

Tune in and let's decipher the future together!