October Market Update

The Sydney property market remains solid and active, especially in our core local areas. Low supply, buyer confidence, and tight rental conditions continue to shape dynamics — creating opportunities for well-positioned sellers and challenges for renters.

Sydney-Wide Market Trends

• Sydney home values rose by approximately +0.7% month-on-month in October, reflecting steady demand and a constrained supply backdrop.

• Auction clearance rates held strong around the 70% mark, showing that buyers remain engaged and are willing to compete.

• The rental market remains extremely tight, with vacancy rates staying low (around 1.3% in recent reporting) — putting upward pressure on rents.

Local Suburb Focus

Ryde & Gladesville

• Family buyers are very active, particularly drawn to homes near school catchments, transport links, and local amenities. Renovated family homes and townhouses are seeing especially strong buyer engagement.

• For entry-level buyers or those ready to renovate, older units continue to attract attention — though comparison against renovation cost is more deliberate.

• In the rental market, demand remains firm for clean, updated properties. Older or less-maintained units are starting to see a bit more negotiation, but good-quality homes are leasing quickly.

Hunters Hill

• Prestige and character homes in Hunters Hill remain a standout for lifestyle-driven buyers. Large blocks, heritage charm, water proximity, and leafy streets are key pull factors.

• Sellers in this segment are benefiting from limited supply, helping to maintain value.

• On the rental side, high-end tenants — including professionals and corporate relocators — are continuing to lease well-appointed, low-maintenance homes.

Canada Bay

• Canada Bay continues to draw strong interest from both owner-occupiers and investors. Properties close to waterfronts, ferry links, parks, and walking paths are especially sought-after.

• Modern apartments and low-maintenance family houses are in high demand, and inspection activity is strong for lifestyle-focused homes.

• Rental growth remains healthy, especially for newer, well-presented apartments. Tenants are paying a premium for convenience, location, and lifestyle amenities.

Key Take-Aways

1. Supply is tight, especially for desirable homes — sellers who showcase their property with care are seeing the greatest traction.

2. Buyers remain selective: they are prioritising location, livability, and low-maintenance features over bargain chasing.

3. Rental conditions remain competitive: high demand, low vacancy and strong tenant activity are especially pronounced in Canada Bay and Hunters Hill.

4. Spring momentum is still real: As auction activity remains strong, there is a tailwind for those listing now, particularly if they can stand out.