Welcome to May from The Private Agent ! The market has continued to show a decline in new listings during April which according to Corelogic is tracking at 35% lower compared to last year, however as the buyer demand continues this seems to be assisting with the insulation of housing values from a more material down turn. Sydney values have however remained positive. If Sydney can continue to flatten the spread of the virus we should start seeing social easing and distancing which in turn will support and lift consumer spirits and in turn, we should see a jumpstart to the housing market . May will certainly provide us with more clarity and consumer sentiment is key here.
Housing Values stabilise in April
