March Market Update

March was a month of renewed energy in Sydney’s property market, driven in part by the Reserve Bank of Australia’s February interest rate cut—the first in over a year. With borrowing capacity improved and consumer sentiment lifting, buyers re-entered the market in greater numbers, pushing Sydney’s median dwelling price to a record $1.104 million, according to the latest PropTrack report.

Across the country, property prices are up 3.91% year-on-year, but Sydney continues to outperform thanks to ongoing supply constraints and strong population growth. Even in the face of affordability concerns, the desire for well-located properties near schools, transport, and lifestyle amenities remains high—particularly in suburbs like Ryde and Hunters Hill.

Ryde: Growth Backed by Opportunity

Ryde is proving to be one of the standout performers in Sydney’s inner north, benefiting from a mix of government planning reforms, improving infrastructure, and broad appeal to both families and investors.

The NSW Government’s new Low and Mid-Rise Housing Policy, introduced in late February, is starting to impact land values and development potential—especially for properties located within 800 metres of shops and public transport. For many homeowners, this has opened up new possibilities to sell at a premium or consider redevelopment.

• Median house price: $2.486 million

• Annual growth (houses): 3.6%

• Median unit price: $695,000 (down 4.9% over the year)

• Median weekly rent: $950 for houses | $650 for units

• Rental yields: 2.2% for houses | 5.1% for units

Although unit prices in Ryde have softened slightly over the past year, this has made the apartment market more accessible for first-home buyers, while high rental yields continue to attract investors.

Hunters Hill: A Prestigious Performer

With its rich history, heritage homes, and picturesque waterfront streetscapes, Hunters Hill has long held its position as one of Sydney’s most tightly held and prestigious suburbs. What’s notable is not just the suburb’s popularity but the consistency of its growth.

Over the past decade, Hunters Hill has seen a 105.9% increase in its median house price, reflecting strong buyer demand and a limited supply of homes for sale. This long-term growth provides confidence for homeowners and investors alike.

• Median house price: $4.55 million

• Annual growth (houses): 12.1%

• Median unit price: $1.025 million (up 17.5% annually)

• Median weekly rent: $1,350 for houses | $620 for units

• Rental yields: 2.0% for houses | 3.3% for units

Although yields in this area are lower compared to more affordable suburbs, the strength lies in the capital growth and lifestyle appeal - two factors that remain strong drivers in today’s market.

Market Outlook & What It Means for You

As we look ahead, several trends are worth watching:

• Interest rates are working in buyers’ favour. The February cut is already translating into more activity at open homes and increased competition at auctions.

• Planning reforms are unlocking value in key parts of Ryde and surrounding suburbs, providing opportunities for existing landowners and those looking to develop.

• Rental demand remains elevated, with low vacancy rates and consistent rental growth continuing to support investor confidence across both Ryde and Hunters Hill.

Whether you're a homeowner considering your next move, an investor seeking stable returns, or a buyer looking to get your foot in the door, now is a great time to speak with our team.