April Leasing Update: Steady Occupancy

April was a continued quieter month across the leasing market, though our full portfolio remained resilient. Vacancy rates held steady at a low 0.7%, well below the Sydney average of 2%, highlighting our ability to consistently fill vacancies and retain tenants. While demand in some areas remains stable, our CBD listings are experiencing longer time on market, largely due to non-seasonal demand fluctuations.

April Highlights:
🔹9,907 Listing Views: High listing views with strong engagement.
🔹 429 Enquiries Serviced: Consistent enquiry driven by strategic marketing and strong market presence.
🔹Ranked 4th of 131: For agency ranking across Sydney, holding 5% of listings.
🔹 18 Properties Leased: With low vacancy rates and high lease renewals, fewer properties are available for lease.
🔹 0.7% Vacancy Rate: A vacancy rate of under 1% highlights the strong demand and our ability to efficiently move tenants in and out.
🔹588 Active Managements: Portfolio continues to grow, with new managements recently securedtenants in and out.

Heading into May, we expect our portfolio to remain stable, maintaining the low vacancy levels that have consistently outperformed the broader market. As we approach the winter months, we anticipate a gradual increase in leasing activity driven by the upcoming mid-year university intake. Student demand typically begins to build during this period, with many commencing their search for accommodation in advance. This seasonal trend is expected to support continued occupancy strength, particularly in properties located near major education hubs.