March delivered further signs of a tightening rental market, consistent with the trend over the first quarter of this year. With fewer new listings, a reduction in available rental stock, and properties leasing faster, conditions are strengthening across Wentworth Point. As supply continues to contract, upward pressure on rents is becoming more evident, particularly for quality, well-located homes.
Leasing Trends and Market Activity
Chidiac leased 33 properties in March, including 24 in Wentworth Point, at a 20% market share of leased properties in the suburb. This brings our total to 110 properties leased so far in 2025, down 19% year-on-year, driven by a 30% reduction in relets.
In Wentworth Point, 112 new rental listings were recorded, a 6% drop from February. 128 properties were leased, down 20% from February, likely due to lower stock availability following February's strong leasing activity. Chidiac listed 22.3% of all new properties in the suburb.
Days on Market
Properties are moving more quickly:
Chidiac’s average days on market: 8.3 days, down 40% from February and 63% faster than the suburb average.
Wentworth Point average: 29 days, down from 32 in February.
Rolling 12-month median for Chidiac: 11 days.
Rental Rates and Market Performance
Rental values remained steady, with further price growth likely as supply tightens:
Median rent (Feb 2024 – Mar 2025): $720/week.
1-bedroom apartments: $680/week, up 1% from February, up 5% year-on-year.
2-bedroom apartments: $782/week, up 1% from February, down 2% year-on-year.
Tenant Turnover and Relets
Relet activity rose slightly but remains below last year:
26 relets in March, up 15% from February, but still down 8% year-on-year.
Lower relet volumes continue to limit available stock, sustaining demand and rental values.
Seasonal Outlook
As we move into April, we anticipate a temporary softening in demand due to the Easter and Anzac Day holidays, though lower stock is likely to keep rental conditions firm.
Legislative Changes from 19 May 2025
The NSW Government's upcoming tenancy reforms include:
No-ground terminations removed; valid reason required (e.g. sale or owner occupation).
Pet requests must be answered within 21 days; unreasonable refusals prohibited.
Extended notice periods: 90 days (12-month lease), 60 days (6-month lease). Tenants can vacate earlier after receiving notice.
📌 NSW Government Summary of Changes
We'll provide updates as the regulations are finalised.
In summary
Reduced turnover, fewer new listings, and faster leasing activity are supporting strong rental conditions. If you're planning to lease your property, now is the ideal time to secure a quality tenant in a tightening market.
