June traditionally sees rental demand soften as the cooler months arrive, but this year demand has held at a reasonable level and rental prices are still edging slightly higher.
Our company vacancy rate remains near 1%, so the market is tight, and the quality of applicants coming through remains strong. Our leasing team continues to move quickly: the average leasing time across Sydney currently sits at 20 days, while our average is 11 days. That gap matters, it means we're minimising vacancy for our clients while still securing excellent tenant engagement.
Across our portfolio, we typically see a rise in tenancy issues around mould and damp at this time of year, and we act on any genuine claims quickly. June's weather has been reasonably mild so far, which has helped, but it's something we watch closely every winter.
