Sydney Leads Australia's Housing Market Resurgence
Sydney Leads Australia's Housing Market Resurgence
1
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
CoreLogic's latest preliminary auction results have revealed Sydney's dominant role in Australia's housing rebound, with an impressive clearance rate of 71.4%.
This marks the sixth consecutive week that the auction clearance rate in Sydney has surpassed 70%.
Over recent months, Sydney's auction market has shown signs of revitalisation. The city’s final auction clearance rate has climbed from an average of 57% last December to 64% in March, according to CoreLogic's figures.
The residential property market's strength is further reflected in CoreLogic’s daily dwelling values index, positioning Sydney at the forefront of the national price recovery. Over the past 28 days, Sydney experienced a growth rate of 0.5%, currently the highest among major Australian capital cities.
Commenting on the trend, CoreLogic’s Tim Lawless observed that home buyers have significantly increased their activity following recent rate hikes, which have propelled buyer interest from below-average to approximately average levels. Lawless noted a transformative "changing of the guard" in market dynamics, with Sydney and Melbourne leading the recovery trend, overshadowing mid-sized capitals such as Brisbane and Perth.
As Australia’s most expensive property market, Sydney is poised to benefit substantially from three anticipated rate cuts within this calendar year. This fiscal environment could further stimulate growth and strengthen Sydney's position as a housing market leader.
Looking ahead, stakeholders in the Australian housing sector will be watching closely to see how these developments evolve and influence broader market trends nationwide.
Published:Monday, 17th Mar 2025 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
Ray White Marine made a significant impact at the 2025 Sydney International Boat Show, unveiling its largest and most valuable display to date-a $70 million lineup of luxury vessels at Darling Harbour. This showcase marked a milestone for the event, which transitioned to a summer schedule for the first time, transforming the harbor into a vibrant on-water playground from 13 to 16 November. - read more
MotorCycle Holdings Limited, Australia's largest motorcycle dealership group, has announced a remarkable financial performance for the fiscal year 2025, achieving a record revenue of $650 million. This figure represents an 11.6% increase compared to the previous year, underscoring the company's robust growth trajectory in a competitive market. - read more
Australia's housing market is set to experience further growth in 2026, with economists forecasting a 5% increase in home prices. This follows an 8.6% rise in 2025, marking the strongest annual growth since 2021. The anticipated growth is driven by a combination of factors, including ongoing supply constraints and robust population growth. - read more
Creating a sturdy financial foundation is essential for Australians navigating the often turbulent waters of debt. A bulletproof budget does more than just track expenses; it acts as a buffer against unexpected financial downturns and provides a clear path toward financial freedom. Comprehending the full weight of this importance is the first step to turning one's financial destiny around. - read more
Welcome to the world of savvy home financing! Whether you’re a first-time homebuyer or seasoned investor, navigating the ocean of home loan options can be daunting. In this digital era, one tool stands out for its effectiveness in simplifying this journey: the online home loan calculator. - read more
Personal loans are a type of financing option that individuals can use to fund various personal expenses. Unlike mortgages or car loans, they aren't earmarked for a specific purpose, giving borrowers more flexibility in how they use the funds. These loans are usually unsecured, which means you don’t have to provide collateral to borrow money. - read more
Knowledgebase
Underwater Mortgage: A mortgage in which the balance owed on the loan is greater than the value of the property securing the loan.
