November Market Update

Sydney's Property Market Remains Steady

As the spring selling season winds down, Sydney’s property market remained steady throughout November, with solid buyer interest despite ongoing challenges posed by higher interest rates. Auction clearance rates hovered around 63%, a slight dip from October, as buyers continued to be cautious in their decision-making. Nonetheless, Sydney’s property prices have shown resilience, with demand in desirable suburbs helping to maintain market stability.

Ryde & Hunters Hill Spotlight

In Ryde and Hunters Hill, the market showed consistent activity, particularly in well-presented family homes and apartments. Median house prices in Ryde held steady at approximately $1.95 million, while Hunters Hill continued to see strength in its prestige market, with a median house price of $4.3 million. The appeal of these areas lies in their excellent schools, proximity to Sydney’s CBD, and scenic lifestyle offerings, making them a top choice for families and professionals alike.

Buyer Trends

November saw an uptick in first-home buyer activity in Ryde, with apartments in the $800,000–$1.2 million range attracting strong interest due to affordability and rental return potential. In Hunters Hill, boutique apartments and downsizer-friendly homes saw steady demand, highlighting the area’s appeal to retirees seeking a low-maintenance lifestyle. Investors also returned to the market, particularly in Ryde, where rental yields have remained competitive.

Sellers’ Market Insights

Sellers in both Ryde and Hunters Hill benefited from the spring momentum, with increased competition driving attendance at open homes. Properties that were styled and marketed professionally, as well as those with unique selling points such as large blocks or recent renovations, saw higher-than-expected results. The average days on market for properties in Ryde and Hunters Hill slightly decreased, suggesting a quicker pace of transactions compared to earlier months.

Looking Ahead

As we head into the summer months, Ryde and Hunters Hill are expected to remain stable markets, with a balanced mix of buyer and seller activity. With fewer listings expected over December and January, buyers may find reduced competition for properties, while sellers can take advantage of motivated end-of-year buyers.

Whether you're buying, selling, or simply keeping an eye on the market, Nicholls & Co is here to guide you every step of the way. If you’re considering listing your property or want a market appraisal, get in touch with our team today!