Vacancy rates across the Hills District have fallen to their lowest levels in recent memory, creating exceptional conditions for landlords who are positioned to capitalise on the tight market. ## The Numbers The combined vacancy rate across the Hills District currently sits at approximately 1.3%, well below the Greater Sydney average of 2.1%. In premium suburbs like Cherrybrook and Bella Vista, vacancy rates have fallen below 1.0%. Average days to lease has fallen to approximately 7-8 days. Properties that are well-presented and correctly priced are attracting multiple applications within the first 48 hours of listing. ## Why Is This Happening? Several converging factors have driven vacancy rates to these levels. Net overseas migration to Australia reached record levels in 2023 and 2024, adding significant pressure to rental markets across Sydney. The Hills District has attracted a disproportionate share of this demand due to its reputation for quality schools, lifestyle amenities, and metro connectivity. At the same time, the supply of new rental properties has not kept pace with demand. Rising construction costs and interest rate uncertainty have slowed new development. ## What This Means for Landlords For landlords, the current market conditions are highly favourable. Properties are leasing faster than at any point in recent years. Landlords have greater choice of applicants, enabling more rigorous tenant selection. Annual rent reviews are strongly supported by market data, with most Hills District suburbs recording rental growth of 3-8% over the past 12 months. ## How to Capitalise on the Current Market A professional rental appraisal from New Vision Real Estate will give you an accurate, data-driven assessment of your property's current rental value. Contact us on 02 9160 6475 or request your free appraisal online.

Hills District Rental Vacancy Rates Hit Record Low: What It Means for Landlords