Is it a good time to buy a home in Sydney?

Sydney’s property market is slowing but not stalling, with well-presented, realistically priced homes and those in desirable locations continuing to perform strongly, experts say.Local real estate agents say home buyers in the harbour city remain active but are being more selective about what they purchase, with transactions still happening but taking longer in general.With the market now largely in favour of buyers, agents say vendors need to nail presentation, price expectations and agent choice for a successful sale heading into spring.Home prices have been softening across the country, driven by a combination of interest rate hikes, federal budget tax reforms, housing affordability, geopolitical uncertainty, and the usual quieter winter period.Sydney, along with Perth, saw the steepest declines in home prices during the month of June, down 0.5%, while home prices in the city were up 0.5% compared to a year ago, according to the latest PropTrack Home Price Index.The median price of a home in Sydney is now $1.225 million, with slim pockets of property price growth overwhelmingly concentrated in the city’s most affordable outer suburbs, where first-home buyers, newly arrived migra...