May Market Update

The Sydney property market remained active and competitive throughout May, underpinned by steady buyer confidence, low stock levels, and a rental market that continues to tighten. In both the Hunters Hill and Ryde areas, we saw positive momentum in both sales and leasing, with demand continuing to outpace supply in many segments.

Sales Market Insights

Across Sydney, house prices held firm in May, with modest growth in some regions driven by the ongoing shortage of listings. Locally in Hunters Hill and Ryde, key trends included:

• Increased competition for well-presented, family-friendly homes, particularly those with outdoor space and proximity to schools and transport.

• Off-market sales activity picking up, with buyers keen to act quickly before properties reach the open market.

• Days on market remained low for turnkey homes, while properties requiring renovation took slightly longer to sell.

Sellers who priced strategically and invested in pre-sale presentation—such as styling and minor updates—were rewarded with strong interest and, in many cases, multiple offers.

Rental Market Update

The rental market continues to operate under pressure, with vacancy rates remaining at record lows across much of Sydney. In Hunters Hill and Ryde, we observed:

• High numbers of enquiries and strong attendance at open homes.

• Weekly rents increasing, particularly for well-maintained houses and modern two-bedroom apartments.

• Tenants acting quickly and competitively, with many properties leasing within days.

Investor interest is also on the rise, as the combination of capital growth potential and strong rental yields makes the local area an attractive prospect.

Looking Ahead

As we approach the winter months, we expect stock levels to remain tight, supporting prices in both the sales and rental markets. With interest rates holding steady and consumer sentiment gradually improving, it's a favourable time for both vendors and investors to explore their options.

Whether you're buying, selling, or looking to lease your property, the Nicholls & Co team is here to guide you through every step with local insight and trusted expertise.