April Market Update

Sydney Market Overview

April delivered further signs of stabilisation across Sydney’s property market, with CoreLogic reporting a 0.2% rise in dwelling values for the month, contributing to a 1% increase over the past quarter. While growth remains modest compared to the peaks of 2021-2022, buyer sentiment has been buoyed by the Reserve Bank’s February interest rate cut, improved affordability in some segments, and the ongoing undersupply of quality homes.

Auction clearance rates across Sydney averaged just above 65% in April—reflecting a healthy, balanced market where well-priced and well-presented properties are attracting solid buyer interest, but those overreaching on price are sitting longer on the market.

The rental market, while still tight compared to historical norms, is showing the first signs of easing. Increased investor activity and a gradual return of overseas students and migrants are keeping demand strong, but higher levels of rental stock in some suburbs are giving tenants a little more choice and negotiating power.

Hunters Hill & Ryde Snapshot

Sales Market:
In the local areas of Hunters Hill and Ryde, the market continues to perform steadily, though we are seeing a clear shift toward more selective buying behaviour.

In Hunters Hill, the prestige and downsizer markets remain robust, with demand focused on high-quality, well-presented homes in desirable pockets close to the village, foreshore, and local schools. Properties in the $3 million-plus range continue to attract strong competition, particularly from families upgrading from the Inner West or downsizers seeking lifestyle homes. However, buyers are more cautious, taking their time to consider options and negotiate, resulting in slightly longer days on market compared to the frenzied pace of 2023.

Ryde’s market is similarly balanced, with activity across both the house and unit sectors. Family homes close to transport hubs, shopping precincts, and schools continue to see consistent demand. There’s also a noticeable uptick in interest for development sites and townhouses, with savvy buyers looking to capitalise on Ryde’s ongoing growth. In the unit market, affordability pressures in inner-city suburbs are driving first-home buyers and investors into Ryde, where strong rental yields and lifestyle amenities present good long-term value.

Rental Market:
The rental markets in both Hunters Hill and Ryde are gradually normalising after a prolonged period of extremely tight conditions.
In Hunters Hill, rental demand remains steady, particularly for larger family homes and high-quality, well-maintained properties. Rents have held firm, reflecting the area’s premium positioning, while units have seen modest rent increases over the past year. However, tenants now have a little more breathing room, with enquiry volumes stabilising.

In Ryde, the rental market is starting to show more significant signs of easing. An increase in rental listings has led to more competition among landlords, with some now offering incentives such as rent-free periods, reduced bonds, or lease flexibility to attract tenants. Properties that are well-presented, appropriately priced, and marketed effectively are still leasing well, but landlords need to be responsive to these shifts to maintain strong occupancy.

Looking Ahead

As we head further into the second quarter of 2025, the Sydney property market is expected to continue tracking along a steady, balanced path. While economic uncertainty, construction delays, and affordability challenges may continue to weigh on certain segments, the overall fundamentals—including limited housing supply, population growth, and stable interest rates—should underpin demand.

In the local markets of Hunters Hill and Ryde, we expect continued interest from both local and out-of-area buyers, particularly those seeking lifestyle-driven properties or long-term investment opportunities. For sellers, it’s crucial to present properties at their best and price them realistically to meet the market. For landlords, understanding tenant expectations and being flexible on terms and incentives will help secure quality tenants in what’s becoming a more competitive rental landscape.

? Contact the Nicholls & Co team for tailored advice on navigating the current market conditions in Hunters Hill, Ryde, or across Sydney.