The New South Wales property market is experiencing an improvement in confidence and transaction volumes as interest rates and bond yields stabilise, in the context of a more positive inflation outlook.
In most sectors, limited transactions over 2023 highlight the disconnect between buyer and seller pricing expectations. However, this pricing gap should decrease given the adjustment of asset values over the second half of 2023. It is expected that we will see an increase in transaction activity over 2024 across sectors as cap rates settle and as the market has greater visibility into peak interest rates.
In our latest New South Wales Market Snapshot for H2 2023, representatives from each of our valuation sectors share their insights into the past six months as well as opportunities and challenges for the year ahead.
Take a look at:
• Healthcare
• Hotels & Accommodation
• Industrial
• CBD Office
• Residential Development
• Retail
Click the link below to read the full snapshot.
M3 Property – NSW Market Snapshot H2 2023
Time to talk?
With 140+ experts across Australia, our property solutions are as independent as they are extensive.
Confidence and success in property starts by asking the right questions. From valuation and asset advisory to taxation, rating and litigation, our property advice looks beyond the immediate, providing a premium, strategy-based solution.
Related Insights
Victorian Market Snapshot H2 2023
Victoria’s property sectors continued to see low levels of transactional activity over the second half of 2023 as a result of the broader inflationary and high interest rate environment. However, over the course of 2024 we anticipate levels of activity to start to increase as a result of more confidence returning to the market off …
South Australian Market Snapshot H2 2023
Strong fundamentals in the South Australian property market, including steady demand, a stable economy and a lack of supply, continues to drive overall growth albeit with reduced transactional activity reflective of broader national trends. As confidence returns to the market, we anticipate transactional activity to increase moving into the second half of 2024. In our …
Always independent.
Our independence is a constant source of pride; ensuring we can be truly objective when it comes to our clients’ needs. Start your conversation with us – we're here to listen.