More Signs The Property Market Is Turning South

The latest lending data we discussed a few days back highlighted that momentum is easing, and we know that listings are strong, we have been tracking this on our Monday shows with Edwin. So potential buyers can certainly take their time.

And now the AFR is reporting that nearly one in five vendors in Sydney’s northern beaches slashed their asking prices half-way through the marketing campaign, by around 7.4 per cent, or $203,315, on average off the median house price during November, as listings soared and affordability hit buyers’ budgets.

Analysis by Domain also showed that sellers in the premium suburbs and inner-city areas led the pack in discounting their properties as the market started to shift in favour of buyers.

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Author: Martin North

Martin North is the Principal of Digital Finance Analytics

2 thoughts on “More Signs The Property Market Is Turning South”

  1. – Is there a relationship between the rising amount of property for sale and e.g. the ageing population of Australia ?
    – Can you post one or more charts that show what the demographic developments in “Down Under” and e.g. New Zealand are ? Do you see any relationship(s) ?

  2. – Question: Are there any special reasons why the houses in these premium markets are slumping/sagging right now ? Can you refer to one of your videos in which you provide a good answer ?

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