Upsizers on the move: Evolve featured in the Western Weekender

The Western Weekender has covered what we’re seeing on the ground across Western Sydney: growing families are making their move.

The pattern is consistent. More than half of our recent enquiries are from people we helped into a first property within the last three to four years, mostly townhouses and units under the $1 million mark. Those homes have held their value through the recent shift, while the suburban four- and five-bedroom homes on decent blocks, sitting between $1.3 million and $1.5 million, are in some cases listing $100,000 to $150,000 below where they were six months ago. The distance between the home these families own and the home they need has shrunk from both ends.

Incomes have helped too. Many of these households are earning up to 15 per cent more than when they first bought, which carries the larger loan.

As I told the Weekender, with rates front of mind, supply still tight and rents continuing to climb, the market could well stay busier than the negative outlook suggests. Families who run their numbers now may find a move that looked out of reach a year ago is achievable today.