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Sydney Leads Australia's Housing Market Resurgence

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

CoreLogic's latest preliminary auction results have revealed Sydney's dominant role in Australia's housing rebound, with an impressive clearance rate of 71.4%.

This marks the sixth consecutive week that the auction clearance rate in Sydney has surpassed 70%.

Over recent months, Sydney's auction market has shown signs of revitalisation. The city’s final auction clearance rate has climbed from an average of 57% last December to 64% in March, according to CoreLogic's figures.

The residential property market's strength is further reflected in CoreLogic’s daily dwelling values index, positioning Sydney at the forefront of the national price recovery. Over the past 28 days, Sydney experienced a growth rate of 0.5%, currently the highest among major Australian capital cities.

Commenting on the trend, CoreLogic’s Tim Lawless observed that home buyers have significantly increased their activity following recent rate hikes, which have propelled buyer interest from below-average to approximately average levels. Lawless noted a transformative "changing of the guard" in market dynamics, with Sydney and Melbourne leading the recovery trend, overshadowing mid-sized capitals such as Brisbane and Perth.

As Australia’s most expensive property market, Sydney is poised to benefit substantially from three anticipated rate cuts within this calendar year. This fiscal environment could further stimulate growth and strengthen Sydney's position as a housing market leader.

Looking ahead, stakeholders in the Australian housing sector will be watching closely to see how these developments evolve and influence broader market trends nationwide.

Published:Monday, 17th Mar 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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Finance News

NatRoad Demands Action Against Illegal Employment in Trucking

13 Nov 2025: Paige Estritori

The National Road Freight Transport Association (NatRoad) has recently highlighted a pressing issue within Australia's trucking sector: the prevalence of illegal employment practices, notably sham contracting. This practice involves misclassifying employee drivers as independent contractors, allowing companies to evade obligations such as payroll tax, superannuation, and workers' compensation insurance. Such misclassification not only undermines fair competition but also jeopardises road safety standards. - read more

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ATA Advocates for Major Road Upgrades to Enhance Transport Efficiency

05 Nov 2025: Paige Estritori

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Australian Truck Sales Exhibit Signs of Recovery in Third Quarter of 2025

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The Australian truck and van market is showing signs of stabilisation in the third quarter of 2025, despite an 11.8% decline in year-to-date sales compared to the previous year. This trend suggests a potential turning point for the industry after a period of sustained softness. - read more

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