The latest news & insights from SydneySlice

In 2024, Sydney’s property market experienced significant shifts influenced by economic factors, buyer sentiment, and evolving supply-demand dynamics. Early in the year, the market experienced a rebound, with home values rising and sales activity increasing. However, as the year progressed, several factors contributed to a cooling trend. The market demonstrated clear segmentation, with premium properties showing resilience while the broader market experienced moderating conditions. Below we looked at CoreLogic Property Data to highlight the key trends throughout the year that shaped opportunities and challenges for buyers.

As Buyer’s Agents with over 24 years of experience in the Sydney property market, we’ve seen both the appeal and challenges of buying off-plan. Purchasing a property before it’s been built offers exciting opportunities but also comes with unique risks. Here’s a guide to help you navigate this process effectively and why enlisting a Buyer’s Agent can make all the difference.

Purchasing your first home is one of the most exciting, yet overwhelming, milestones in life. It’s a big step, and with so much to consider — from finding the right property to navigating the bidding process and negotiating with sellers — it can be difficult to know where to begin. That’s where a Buyer’s Agent comes in. We’re here to explain why working with a professional Buyer’s Agent when buying your first home in Sydney can make all the difference.

Ah, Sydney. The city of stunning beaches, iconic landmarks, and property prices that make your wallet cry. For last few years, if you were a potential buyer in Sydney, you probably felt like you were on the losing end of a bad joke. Prices skyrocketed, auctions were fierce, and finding a decent property was basically like searching for a unicorn –especially the one’s who deep dived without a buyer’s agent…whoops… (we had to chuck it in there at some point!)But recently, things have shifted. The market's been cooling off — So, is it finally a buyer’s market?

Buying property in Sydney has become increasingly challenging due to a combination of factors. SydneySlice can help you overcome these challenges and help you purchase your ideal property at the best possible price.

The Sydney Real Estate market is more competitive than ever. Utilizing a buyer’s agent to get ahead of the curve is no longer a luxury, more a necessity. We lay a comprehensive read on why engaging a buyers agent is a strategic advantage in today's market.

Lets look at some key statistics for the Sydney Property Market for the last Financial Year (2023-2024). These statistics provide a snapshot of the Sydney Property Market's performance over the last financial year, reflecting a generally positive trend with rising prices, strong rental demand and competitive market conditions. Sydney Property Market’s performance was shaped by a combination of economic conditions, demographic trends, government policies and global influences. These statistics highlight the continued strength and resilience of the Sydney Property Market despite economic challenges.

Sydney Slice provides Vendor Advocacy Services to enhance the vendor’s overall selling experience. We provide expert support and counsel to protect the vendor’s interests and maximise the ultimate sale price.‍This service is provided at no cost the vendor as we are paid a conjunction fee from the sales agent.

‍As 2023 draws to a close, we look back on the year that was in the Property Market and what lies ahead in 2024.

At SydneySlice Executive Rentals we provide property management that reduces risk in several ways. We combine expertise, efficiency, and proactive measures to reduce risks associated with tenant management, property maintenance, legal compliance, and financial management. By mitigating potential risks, we help protect owner's investment and maximize returns.

The big question on everyone’s lips is will the RBA raise interest rates for the 13th time in 15 months at its next board meeting tomorrow. The cash rate currently sits at 4.1% after the RBA paused at the July meeting.

As the Australian government implements ways to welcome international students and opening the country for many types of visa holders, we expect to see an increase in foreigner activity in the real estate market in the coming months. Below is a snapshot of the requirements needed as a foreigner citizen to purchase a property in Australia.

As anticipated, the Budget reflects a juggling act trying to balance inflationary pressures with targeted cost-of-living relief. The 2023-24 Federal budget contained several key announcements for the social and affordable housing sector, including new build-to-rent (BTR) development incentives and an increase to Commonwealth Rent Assistance (CRA).

Sydney’s median property price rose 3.0% last quarter, putting an end to 12 months of falling prices. But is this really the start of another growth cycle?

Coming off an incredible 2021, where we witnessed street records, suburb records, regional records, lifestyle property records and rural records all over Australia, spurred on by record low interest rates, tight supply, huge demand, increased wealth and a belief rates weren’t going to rise until 2024.

Finding a rental property in Sydney can be very challenging, especially in a current tight rental market. There are several things you can do to make the process easier and increase your changes of securing a rental property. Here are some tips that can help you in your rental search:

The strong demand we saw for properties Australia wide in Q3 & Q4 2020 carried over to the start of 2021 and morphed into a once in a generation property boom, the likes of which we have never seen before.