With Sydney’s property market continually evolving, staying informed is key to making smart decisions. In our September 2024 Sydney Market Insights Report, we dive deep into the latest trends, uncover the driving forces behind current price shifts, and explore emerging opportunities in one of Australia’s most dynamic property landscapes.
Whether you’re a first-time buyer or a seasoned investor, this report will give you the edge you need in today’s competitive market.
Point Piper NSW 2027
- New Sale Listings: 8
- Average Days on Market: 21.75
- Average Vendor Discount: 0.00%
- Recently Advised Sales: 5
- Recently Withdrawn Listings: 8
- Total Rental Listings: 16
Key Insights:
Point Piper continues to maintain its exclusivity with minimal market activity. Only 8 new sale listings and 5 recent sales demonstrate the limited supply and strong demand in this prestigious suburb. The average day on market is low at 21.75 days, and vendors are not offering discounts, signalling firm price expectations. The rental market remains equally tight, with just 16 listings available.
Double Bay NSW 2028
- New Sale Listings: 39
- Average Days on Market: 42.13
- Average Vendor Discount: 3.17%
- Recently Advised Sales: 17
- Recently Withdrawn Listings: 42
- Total Rental Listings: 105
Key Insights:
Double Bay presents a healthy level of market activity, with 39 new sale listings and 17 recent sales. Properties here take approximately 42 days to sell, with vendors willing to negotiate an average discount of 3.17%, offering some flexibility for buyers. There is a robust rental market with 105 listings, providing a good range of opportunities for investors.
Paddington NSW 2021
- New Sale Listings: 70
- Average Days on Market: 23.19
- Average Vendor Discount: 4.24%
- Recently Advised Sales: 38
- Recently Withdrawn Listings: 69
- Total Rental Listings: 231
Key Insights:
Paddington has shown significant market activity with 70 new sale listings and 38 recent sales. The average vendor discount stands at 4.24%, which is relatively high, suggesting that sellers are willing to negotiate more than in other areas. With a fast-paced market of around 23 days on market and 231 rental listings, this suburb is buzzing with both buyer and investor opportunities.
Cremorne NSW 2090
- New Sale Listings: 68
- Average Days on Market: 27.19
- Average Vendor Discount: 0.80%
- Recently Advised Sales: 42
- Recently Withdrawn Listings: 68
- Total Rental Listings: 175
Key Insights:
Cremorne displays stable market conditions, with 68 new sale listings and a relatively low vendor discount of 0.80%, indicating that sellers here are confident in their pricing. The market moves at a steady pace, with properties averaging 27 days on market. With 175 rental listings, investors will find plenty of opportunities, particularly in this popular suburb.
Annandale NSW 2038
- New Sale Listings: 37
- Average Days on Market: 23.55
- Average Vendor Discount: 2.65%
- Recently Advised Sales: 26
- Recently Withdrawn Listings: 24
- Total Rental Listings: 116
Key Insights:
Annandale offers an active market with 37 new sale listings and 26 recent sales. The average days on market is just over 23 days, and vendors are offering discounts averaging 2.65%. The rental market also provides a variety of options, with 116 listings available. Buyers in this area should be prepared for some negotiation flexibility.
Stanmore NSW 2048
- New Sale Listings: 25
- Average Days on Market: 22.91
- Average Vendor Discount: 1.39%
- Recently Advised Sales: 32
- Recently Withdrawn Listings: 17
- Total Rental Listings: 92
Key Insights:
Stanmore has a healthy balance of market activity, with 25 new sale listings and 32 recent sales. Properties are selling quickly, with an average market duration of just under 23 days. The vendor discount sits at 1.39%, suggesting sellers are relatively firm on pricing. The rental market also offers solid opportunities, with 92 listings currently available.
To summarise
The current market environment in New South Wales presents a mixture of tight supply, negotiable pricing, and rental opportunities. Paddington and Cremorne show particularly active markets, while areas like Double Bay offer more room for price negotiation. For clients seeking rental opportunities, Paddington, Cremorne, and Annandale offer the most substantial inventory.
For further inquiries or a tailored approach to your property needs, please do not hesitate to reach out to anyone here at Rose & Jones.
Data sourced from CoreLogic, compiled from recent real estate listings and market observations for informational purposes.
