While market conditions have evolved recently, the acreage market remains a standout performer, driven by continued demand for space, privacy, and work-from-home flexibility. Looking ahead to 2025, the market in NSW is poised for steady growth, with regional and lifestyle properties maintaining strong appeal. Factors such as limited supply, population growth, and a desire for a balanced lifestyle are expected to support property values, particularly in sought-after areas. The unique appeal of acreage properties - seclusion, expansive land, and proximity to essential amenities, beaches, and the M1 - continues to attract solid interest. Forecasts indicate that demand for properties in this segment will remain robust, particularly among families and professionals seeking lifestyle upgrades. Our exclusive database is stocked with motivated, finance-ready buyers, prepared to invest between $1,500,000 and $3,500,000, with flexible settlement terms to suit sellers’ needs. If you’ve been considering a move, now is an excellent time to capitalise on these conditions and secure a premium outcome for your property. Michael Melville Licensed Real Estate Agent & Acreage Specialist ACREAGE SUMMARY Over the last 12 months, landlords rode a rollercoaster of high interest rates, fear of continual increases, and hope that there may have been a rate cut. In the end, the RBA kept the cash rate at 4.35% for the whole of 2024. While there has been no shortage of opinions, ideas and so-called “experts” that will tell you how to hack the rental market, a good lesson to take out of 2024 is that we shouldn’t make decisions based on ‘what ifs’ and ‘maybes’ that won’t necessarily come true. Generally speaking, being invested and remaining invested in the market is the key to long-term investment success. You may have heard this said as “It is time in the market, more than timing the market”. What trends appeared in the rental market in 2024? CoreLogic’s Property Pulse from September showed evidence of flatlining rents since mid-year despite all the media talk about a rental crisis. These figures are based on statistics from the Sydney rental market, so do not reflect exactly the local nuances of the 2261 area. However, one of the main factors behind the slowdown nationally is affordability which is also evident in our suburbs. According to CoreLogic’s latest rental affordability metrics, “a household on the median income would be dedicating 32.2% of their gross annual income to pay the median rent, marking a record high in the past 20 years.” Understanding how affordability will play out will be key as landlords assess their investment strategies and goals. With this in mind, our Property Management team is always available to provide up-to-date feedback on emerging rental trends and prices based on our daily experiences with leasing properties and monitoring enquiry levels. 2025 is shaping up to be a year full of opportunities and changes to navigate, with significant updates to the Tenancy Act being rolled out, including ending no-grounds terminations for renters, limiting rent increases to once a year, and simplifying the process for allowing pets in rental properties. These updates are designed to create greater clarity and fairness for all parties in the rental market. Rest assured, whatever changes the year brings, our Property Management team will be here to provide support to our clients every step of the way. Jonathan McCaig – Senior Property Manager Lily Morris – Property Manager PROPERTY MANAGEMENT OVERVIEW
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