Early reports out of open homes and auctions in 2023 suggest there is an influx of new buyers entering the market for the new year. Big attendance numbers and strong registrations at auctions underline a change to start the year.
Core Logic reported Sydney wide clearance rates of above 70% for the first two official auction weeks of the year. While this is an encouraging sign it is important to note that the number of properties available to buy early in the season is limited. So slightly elevated competition would not be a surprise.
Watch this space to find out what happens as the Sydney real estate market ramps up for 2023 and more properties become available for purchase.