Market Update 2026 10 Property management update A note to our valued property investors Vacancy rates remain tight across our core areas, sitting at approximately 1.5% across Wollstonecraft, St Leonards, Naremburn and Crows Nest, and closer to 1.6% in Milsons Point, North Sydney and Waverton, with Mosman around 1.7%. These figures continue to highlight limited rental supply. Encouragingly, the rental market is beginning to show signs of greater stability compared to recent years. Inspection numbers remain solid, however a more balanced dynamic is emerging, allowing both tenants and landlords to take a more considered approach, with a growing focus on securing quality, long-term tenancies. With sustained demand across the Lower North Shore, it continues to be a favourable time for landlords considering leasing their property. As further details from the Federal Budget continue to unfold, we will be monitoring any changes that may affect investors, rental supply and the broader leasing market. For tenants searching for their next home, we encourage you to reach out to our Property Management team to discuss your requirements, including upcoming opportunities. The leasing market has remained active in recent months, with steady demand across the Lower North Shore, even beyond the traditionally busier first quarter of the year. The Federal Budget has also generated considerable discussion throughout the investment property sector, particularly around housing supply, affordability and proposed changes to negative gearing and capital gains tax concessions. These conversations remain front of mind for many investors, especially regarding the potential impact on future rental supply and investment confidence. What we are seeing more clearly now is a distinction between well-maintained properties and those requiring further attention. Homes that are well- presented and thoughtfully maintained are leasing quickly, often within the first week of launching, and attracting quality long-term tenants, while properties requiring updates are experiencing longer days on market. This reflects both continued rental demand and a growing focus on quality, condition and lifestyle.
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