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Research
Summer 25/26 Sydney New Build Apartments
Headlines Sydney counted 2.0% more people in the last year reported, being well ahead of the 1.4% long term forecast.
Sydney new apartment pipeline is 7% below the 5-year average, with 12,926 new apartments due for completion in 2025, being 12% less than delivered in 2024.
Interest rate target remained steady at 3.60%, but may be adjusted in 2026 as the RBA continues to monitor the impact of inflation.
New apartment prices across Sydney rose 10.6% over the year to $16,400/sqm. Established property prices grew 5.3%, with further 6% price growth forecast for 2026.
NSW construction of new residential homes was 9.3% lower compared to a year ago, but building approvals were 21.1% higher. Building costs were 5.0% higher.
Sydney’s rental market remains undersupplied, with residential vacancy at 2.2%. Rents are likely to remain elevated in 2026 with a further rise of 4%.