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Sydney Property Market Update for Canada Bay, Hunters Hill, and Ryde
Sydney Market Overview
The Sydney property market is showing strong momentum again and our local areas Canada Bay, Hunters Hill, and Ryde are right in the thick of it.
Clearance rates are now back above 70% for the first time since 2022. That means more competition at auctions and more confidence from buyers. Locally, median house prices in Canada Bay sit between $2.7M and $2.9M while lifestyle units in Breakfast Point are up around 5.5% year on year. Hunters Hill prestige homes have gained close to 10% and family favourites like East Ryde and Gladesville are holding solid growth.
Rental Market Trends
The rental market is also as tight as it has ever been with vacancy rates at just 1.5% and house rents in Canada Bay jumping 10% over the past year. Units are attracting more investors too thanks to stronger rental yields and ongoing demand from tenants wanting quality homes close to the city.
What’s Driving the Market?
A mix of migration lifestyle appeal and big ticket infrastructure projects like the Sydney Metro West which will make areas like Five Dock and the inner west even more accessible.
Looking Ahead
Experts are tipping house prices to rise 3 to 5 percent and units 2 to 4 percent over the next six months as interest rates ease and supply stays tight.
Thinking of Selling, Leasing, or Just Curious About Your Property’s Value?
Now is the perfect time to chat about where your property sits in the market. Contact Nicholls & Co to arrange a friendly obligation free property update.
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