Sydney open home inspection numbers jump as FOMO sets in again, experts say

Home / Sydney open home inspection numbers jump as FOMO sets in again, experts say

Anyone house hunting in Sydney recently who thought there’s a lot more competition this side of Christmas would be exactly right, by quite a measure.

The number of people attending open-houses across the city last month was up by more than a third, year-on-year, new data shows, as a fear of missing out sets in for house hunters.

Against a backdrop of rapidly rising prices, agents are being inundated with buyer interest, reporting long queues at open-home inspections, dozens of pre-auction offers and feverish bidding that is pushing some sale prices hundreds of thousands of dollars above vendor expectations.

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