Full width project banner image

September Market Update

Sep 27, 2024

Share this article

September Market Update

The Ryde and Hunters Hill property markets remained resilient through September, with continued strong buyer interest, particularly for well-presented family homes and investment properties. Auction clearance rates in the area hovered around 70%, reflecting solid competition, especially for properties with unique features or in premium locations.

Key trends this month:

  • Steady buyer demand: Despite rising interest rates, buyers are still active, especially in the $1.5M–$2.5M range.
  • Rental demand surge: The rental market has seen significant activity, with quality apartments and homes leasing quickly. Rental yields have strengthened due to reduced supply and increased tenant demand.
  • Renovation appeal: Properties with modern upgrades, particularly kitchens and bathrooms, are commanding higher prices. Buyers are increasingly prioritizing homes that are ready to move into without requiring renovations.

Looking ahead, with the spring selling season ramping up, we anticipate a rise in listings, which could provide more choice for buyers but also introduce greater competition among sellers. Stay tuned as we continue to monitor market movements closely.

If you're thinking of selling, leasing, or just want an update on your property's value, Nicholls & Co is here to assist!

 

You might also be interested in

Blog post card image

May 14, 2025

April Market Update

Sydney Market Overview April delivered further signs of stabilisation across Sydney’s property market, with CoreLogic reporting a 0.2% rise in dwelling values for the month, contributing to a 1% incre

Blog post card image

Apr 14, 2025

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