Inside the NSW housing market: Clearance rates, supply and market trends, with REINSW’s Tim McKibbin
In this episode of The Smart Property Show, host Liam Garman sits down with Real Estate Institute of NSW (REINSW) CEO, Tim McKibbin, to see what’s in store for Australia’s housing market amid global economic volatility – and how property will remain a store of value for many Australians.
The pair discuss the global economy, interest rate cuts, and how property remains a stable long-term investment when compared to alternative asset classes. They then analyse Sydney’s clearance rates and vendor/buyer sentiment.
Tim also shares how REINSW is looking to develop a ticker tape for agencies to display median house prices, providing investors with greater transparency over the market and trends.
The pair wrap up unpacking how demand for housing in Sydney is outstripping supply, and how 40 per cent of the costs of a new property can be attributed to tax.
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