October remained a strong month for our rental portfolio, with minimal vacancy across all assets. As anticipated, we received a substantial number of notices from student tenants preparing to return home for the summer break. In response, we’ve been proactive in securing short-term leases to maintain high occupancy through the quieter holiday period. This period marks the beginning of the seasonal shift in tenant activity as we move into the summer months.

Key Highlights for October

• 21,562 Listing Views – Achieved across campaigns, reflecting optimised exposure through high-performing channels.
• 274 Enquiries Serviced – Consistent enquiry maintained through strategic marketing and a strong market presence.
• 50% of Tenants Inspected – Submitted an application for the property, highligting our teams follow up skills
• 13 Properties Leased – The portfolio’s low vacancy rate results in fewer listings on the market and consistently short turnaround times between tenancies.
• 3rd of 168 Agencies Across Sydney – Holding 3.51% of all listings, highlighting our strong market position and competitive performance, up 1 place since last month

Market Outlook

Looking ahead, we anticipate increased vacancy across the wider CBD market, particularly within student accommodation and studio-style properties. This seasonal adjustment follows the end of the university semester, with many students returning home for the summer period. While this may temporarily soften demand in the inner-city rental market, we expect conditions to stabilise early in the new year as students and new arrivals return ahead of the 2026 academic intake. Suburban and larger-format rentals are expected to remain tightly held, supported by strong local demand and limited new supply