Sydney buyers might have noticed more properties on the market this Winter, with newly advertised listings up significantly on this time last year.

So why are more people selling now?

First of all, we need to keep in mind that stock was very low all year in 2016 and this was a big factor in keeping boom time growth going. So, in effect, the extra stock we’re seeing this year is simply re-balancing the market.

We’re nowhere near oversupply, with clearance rates remaining in the 70% range, which is a very healthy rate of sale. Winter is traditionally more of a low volume sales season because a lot of people think it’s a bad time to sell (the reverse is usually true but that’s a topic for another time). So, it’s encouraging to see more new listings now compared to the same time last year.

There’s plenty of motivated buyers still in the market, so this extra stock is giving them more choice and a better chance of securing their next property sooner.

Drenched in northerly sun this beautifully renovated Federation home showcases high quality finishes, spacious interiors and a superb rear entertaining haven. With an impeccable street presence it offers the best of village and beach lifestyles.

Right now, I do think the Sydney and Melbourne markets are at or near their peak for this growth cycle, so a slowdown is expected in FY18. Whether this has already begun is something we don’t know yet - the peak only becomes clear months after it has happened.

In FY18, I do think we’ll see a consistent moderation in the rate of price growth over several quarters. We should see more first home buyers in the NSW and VIC markets due to stamp duty cuts, which might go some way in off-setting an expected reduction in investor activity.

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