October Market Update

Sydney’s Spring Market Momentum Continues in October

Sydney's property market remained active throughout October, with a slight boost in buyer activity as spring selling season gained traction. Despite higher interest rates impacting borrowing power, housing prices have largely held steady, highlighting continued demand, particularly in well-regarded areas. Auction clearance rates across Greater Sydney remained stable, averaging around 65%, a minor dip from September but still indicative of resilience in the market. This stability is a positive sign for both buyers and sellers, showing that Sydney’s property sector is adapting to the high-interest-rate environment.

Ryde & Hunters Hill Spotlight

In the local markets of Ryde and Hunters Hill, demand continues to be strong, with family homes and apartments drawing significant interest. The median house price in Ryde has settled around $1.95 million, demonstrating a moderate but steady trend as buyers prioritise this family-friendly suburb’s lifestyle. Hunters Hill’s prestige market remains robust, with median prices around $4.3 million as demand for premium properties holds firm. The appeal of these suburbs, with proximity to well-regarded schools, parks, and transport options, remains high among buyers seeking long-term investments and quality living.

New listings in both areas saw a modest uptick, as sellers aimed to capitalise on the active market. Open-home attendance has notably increased, especially within more affordable segments, signalling interest from both first-time buyers and investors eyeing rental yield opportunities. This activity has translated into an improvement in days on the market, with homes in good condition and desirable locations often attracting offers after just a few open inspections.

Market Trends and Outlook

Interestingly, both Ryde and Hunters Hill are seeing a rise in investor interest, partially driven by the increased rental yields in these suburbs. With ongoing demand in the rental market and low vacancy rates, investment properties remain a valuable asset in this area. Many investors are focusing on properties that require minimal renovations but offer strong yield potential, contributing to the steady interest in apartments and smaller homes.

As we look to November and beyond, demand is expected to remain robust, especially in desirable suburbs like Ryde and Hunters Hill. With the spring market in full swing and a steady flow of listings, both sellers and buyers can expect a balanced environment as the year comes to a close. These stable conditions in Ryde and Hunters Hill continue to attract buyers, particularly those drawn by the appeal of a connected, family-friendly, and lifestyle-focused setting.