06/05/2026
To ensure you trade better
Rents are rising…
The Sydney rental market is undersupplied and prices are rising, quickly.
SQM Research has Sydney rents up 7.4% for the year with high immigration levels and a distinct lack of new supply fuelling the rental crisis.
Vacancy rates are down to a measly 1.1%, with the average rent for a house in Sydney now at $1150 per week on SQM’s data. The closer the house is to the CBD, the higher the rent.
Government policy is not coherent – with dwelling demand through the roof and additional supply a long way off, leaving tenants to wear the brunt of the rental crisis.
At the current trajectory, rising homelessness is a distinct possibility for many, particularly the vulnerable.
Auctions are dead!
The auction clearance rate in Sydney has been below 40% for the past two months.
Even those sales that are counted as auction success stories, the majority were sold ‘Prior to Auction’.
Multiple buyers bidding for one property under Auction Conditions is a rarity in the Sydney market.
The primary point - be careful about falling for an agent’s pitch about a competitive frenzy at the auction. It just ain’t happening like that at the moment.
There is still good and genuine buyer demand for property, but with an auction clearance rate in the 30% range, one has to question whether auction is the right strategy for the times.
Don’t buy before selling!!
If you need to sell in order to buy, ensure you secure the sale first.
In a buoyant environment, many people buy and then sell. Doing so has its risks, but it usually works out okay if the market conditions at the time are healthy.
Right now the market conditions are reflective of what we saw during the first COVID lockdown.
One of the best things about transacting in the current market is stock levels are seasonally high. Days on market are increasing too.
Read more via https://bit.ly/RERMayIssue220
