Sydney’s Northern Beaches Property Market Update: Insights from Upstate
Looking for the latest trends and opportunities in Sydney’s Northern Beaches property market? Click [here] to watch the full video interview with Meschell Howarth (General Manager) and Peter Mosedale (Director & Co-Founder). They dive deep into market trends, department achievements, and exciting upcoming events. From buyer activity and rental market shifts to our September Sell Out success, we’ve got all the updates you need!
Residential Market Update
Whether you’re buying, selling, or investing, our team is ready to guide you through the ever-changing property market with expert insights and innovative strategies.
Peter Mosedale shared exciting insights about the residential market, highlighting the increased buyer activity in recent months. Despite broader economic challenges, open homes have been bustling, with large groups attending every weekend. This surge in interest is being driven by both local buyers and interstate investors, keen to secure homes in the highly sought-after Northern Beaches.
Here’s what Peter had to say:
“We’ve seen a significant rise in buyer activity at open homes, with large groups attending every weekend despite ongoing economic challenges.”
One of Upstate’s key achievements from the last quarter was the 2024 September Sell Out campaign, which exceeded expectations. Homes sold before the peak Spring listing period, delivering exceptional results for our clients. The campaign highlights included:
- $5,200,000 Highest Sale Price
- 8 Properties Sold Prior
- 17,633 Social Enquiries
- 165 Contracts Issued
As we move into Spring, now’s the perfect time to maximise your property’s value. We’re anticipating a surge in listings as sellers aim to capitalise on high demand. If you’re thinking about selling, click here to explore how Upstate can help you achieve the best results.
“Our stylists are fully booked, and everyone’s working hard to get homes market-ready. This effort is paying off, with well-presented homes often receiving multiple offers shortly after hitting the market.”
Across the Lower North Shore, tight supply and strong demand remain prevalent, driven by trends like rentvesting and the appeal of turnkey homes. Despite challenges surrounding government housing plans, investors and first-home buyers are staying active in these markets.
Explore Top Properties for Sale Now: Discover current listings in the Northern Beaches here: View Properties for Sale
Explore Top Properties for Sale Now: Discover Upstate’s recent success here: View Sold Properties
Rental Market Update
The rental market remains strong across the Northern Beaches, though we are seeing a low level of available properties. However, Upstate continues to outperform, leasing 50 properties in September alone—well above historical averages.
Here’s what Peter had to say:
“The rental market has also been incredibly strong, with properties moving quickly and rental yields remaining solid. There’s been strong interest from both locals and interstate investors”
Key stats for September include:
- 50 properties leased
- 799 tenant enquiries
- 163 open for inspections
- 536 tenants met at open homes
- 151 applications received
There has been some fluctuation in rental yields, with unit yields dipping early in September before rebounding in late September and early October. On average:
- Houses: Asking rent has increased to $1,560 per week
- Units: Asking rent sits at $792 per week, which reflects a -1.4% decrease in the last quarter.
Considering leasing your property? Learn more about Upstate’s expert property management services and market insights: Request an Instant Valuation
Upcoming Event: Investor Night
If you’ve been thinking about breaking into the Investor Market, or have an existing portfolio, don’t miss our Investor Night at Upstate HQ on Tuesday 15th October at 6PM.
Join us for an evening with industry experts who will guide you through 2025’s investment trends and share tips on identifying lucrative property opportunities. We’re excited to host you for a night of insightful market analysis and networking.
Click here to RSVP to the event.
Whether you’re buying, selling, or investing, Upstate is here to guide you with expert insights and innovative strategies. With a strong, dynamic market on the Northern Beaches, now’s the time to make the most of the opportunities. Subscribe to Upstate Insiders, to stay updated on all market trends and get in touch for your tailored property strategy.
