Sydney, where the number of homes for sale hit a six-year high in December, will lead the country into a buyers’ market this autumn as more owners – many of whom bought in the COVID-19 boom – try to offload homes, sales and buyers’ agents say.
Increased stock gave prospective buyers more time to make decisions and strengthened them in negotiations, buyers’ agent Chris Clarke said as new numbers from Domain showed listings in the NSW capital jumped 19 per cent year-on-year in December to their highest level since 2018.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
