October brought a slight lift in new listings with the latest project releases, yet enquiry levels and open home attendance saw an unexpected drop. With a noticeable shift in tenant behaviour—particularly among three-bedroom renters—we may be witnessing the early signs of a transition from renting to home ownership, contributing to a softening in demand.
Leasing Trends and Market Activity
Chidiac Realty leased 36 properties in October, including 25 in Wentworth Point, bringing our year-to-date total to 356.
Wentworth Point recorded 94 new listings, up ~5% from last month, with Chidiac listing 26.6% of them and holding a 24% market share of all leased properties.
Days on Market
Chidiac average: 15 days
Suburb median: 21 days
Our leasing times continue to outperform the broader market, with properties leasing 29% faster than the suburb average.
Rental Rates and Notable Leases
Rolling 12-month averages (1 Nov 2024 – 31 Oct 2025):
1-bedroom apartments: $680/week (↑ ~4%)
2-bedroom apartments: $806/week (↑ ~4.5%)
3-bedroom apartments: $1,049/week (↓ ~2.5%)
Notable lease: A 2-bedroom, 1-bathroom apartment at 1712/18 Footbridge Blvd, Wentworth Point leased for $820/week, outperforming the average rent for a 2-bed, 1-bath apartments which average around $770/week.
Relet Activity and Tenant Movement
22 out of 36 properties leased were relets, accounting for 61% of monthly leasing activity.
This figure is down ~15% year-on-year, consistent with reduced tenant turnover seen throughout 2025.
Market Insights and Emerging Trends
New apartment releases—including Capri and Florence (approx. 160 homes) and continuing supply from Laguna and Glade (163 apartments)—have begun to contribute to the rental pool.
Despite this, enquiry levels fell sharply:
Suburb-wide enquiries: ~23,000 (↓ ~32% MoM)
Chidiac Realty enquiries: ↓ ~19%
Average open home attendance: Down from 10.7 to 8.7 attendees per property
This softening in enquiry volume is unexpected for October and the broader spring period, potentially linked to increased rental options for tenants.
The three-bedroom market has remained notably soft, with extended leasing times and slight rental price reductions. Conversely, demand remains stronger for one and two-bedroom apartments, suggesting a shift in renter demographics.
Importantly, we are also observing more tenants vacating due to property purchases, likely encouraged by recent First Home Buyer Scheme expansion and stamp duty exemptions. These early movements may signal a transition for some renters into home ownership, subtly reshaping demand in the local rental market.
