Sydney’s heated housing market continues to favour those seeking to sell, the latest Commonwealth Bank survey says.
The Commonwealth Bank CoreLogic RP Data Home Buyers Index says national property market continues to be balanced, although with a slight shift in favour of buyers.
Queensland, Western Australia, Tasmania and the Northern Territory property markets have all remained in favour of buyers, while sellers can benefit in Victoria and the ACT.
The top five sellers’ markets in Australia are Sydney, Melbourne, Adelaide, Canberra and Victoria’s central highlands while the top five buyers’ markets are Northern (SA), Wide Bay-Burnett (Qld), Central West (Qld) Far West (NSW) and Pilbara (WA).
The quarterly Home Buyers Index provides an indication of how well market conditions are suited to buyers or sellers.