New South Wales’ property market showed mixed momentum through H2 2024.
Sydney office transactions doubled to $3.4B as yields stabilised and offshore capital dominated. Industrial recorded $3.8B in sales as demand shifted to Sydney’s western suburbs, though yields softened and rental growth moderated. Retail saw a resurgence with $3.8B in deals, led by private investors and major trades in sub-regional centres.
Childcare moved through a recalibration phase in the second half of last year, while Healthcare assets remained resilient amid strong private investor activity. Residential markets steadied on interest rate relief, despite planning challenges and falling approvals and Sydney’s hotel market recovered occupancy and ADRs, with transaction volumes already picking up in early 2025 amid renewed investor interest.
Our experts across valuation sectors share their analysis and insights in our latest New South Wales Market Snapshot covering the second half of 2024, as well as what to look out for in 2025, across Childcare, Health, Aged Care and Seniors Living, Hotels & Leisure, Industrial, Office, Residential Development and Retail.
Click the link below to read the full Snapshot.
NSW Market Snapshot – April 2025
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