The New South Wales property market continues to face economic headwinds, but we are seeing an ongoing resilience across sectors in 2023 as the market readjusts to current conditions.
A lack of capital available on the market has contributed to a low volume of transactions across commercial sectors. This is anticipated to increase again once vendor and purchaser expectations realign, and as certainty returns to the market. In the Residential sector, we’ve seen market conditions stabilise in 2023 with price growth again being witnessed.
In our latest New South Wales Market Snapshot for October 2023, representatives from each of our valuation sectors share their insights into 2023 as well as opportunities and challenges for the year ahead.
Take a look at:
• Industrial
• Retail
• CBD Office
• Residential
• Service Station
• Healthcare
Click the link below to read the full snapshot.
NSW Market Snapshot – October 2023
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