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Sydney property stock shortage compounded by fear from would-be sellers

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The property market is so hot that sellers are scared to list. Picture: Sam Ruttyn


Property prices may be hitting new highs but most would-be sellers aren’t cashing in and are instead holding off listing out of fear they’ll struggle to buy their next home.

Over half of those polled in a recent Westpac survey of homeowners who were “ready to sell” said they wouldn’t pull the trigger on a listing because buyer competition was too stiff to move somewhere else.

MORE: Boat shed could be Sydney’s biggest sale this year

‘Risky’ home buying tactic on the rise

It’s led to a crippling shortage of available housing and a “vicious cycle” where homeowners’ decisions to delay selling are making the market even hotter.

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