Could the property market pendulum be swinging back in favour of buyers?
- realestateprotips
- Apr 1, 2022
- 1 min read
The housing market pendulum is starting to swing back in favour of buyers, as new data shows double-digit falls in one measure of buyer interest in Sydney and Melbourne homes for sale.
After a COVID-19 boom in 2021, the markets in Australia’s two most populous capitals have started to soften, though other major cities were still recording more interest from buyers than they did in March last year.
Domain chief of research and economics Nicola Powell said Sydney had the biggest fall in views per property listing, down 31 per cent in March compared to a year earlier. The volume of new homes for sale rose over the same time, by 13 per cent.
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