Good news for Sydney homebuyers
There were three pieces of good news for Sydney homebuyers in Cotality’s (formerly CoreLogic’s) latest housing chart pack:
Less urgency – Median days on market increased from 30 in April 2024 to 33 in April 2025, giving buyers more time to make decisions.
More room to negotiate – Vendor discounts widened from 2.9% to 3.3% year-on-year.
Greater choice – The number of #listings rose 5.1% compared to this time last year.
Taken together, these three indicators suggest a less competitive market compared to the previous year. This shift towards a more balanced market may give Sydney homebuyers greater choice and bargaining power.
About the author – Alex Veljancevski is a Sydney mortgage broker with Eventus Financial, which assists first home buyers, investors, upgraders and borrowers seeking to refinance to a better deal on their home loan.