RESIDENTIAL RENTAL Sydney: Snapshot of Typical Asking Rents (approx) MARKET TRENDS SYDNEY INNER SYDNEY MIDDLE SYDNEY OUTER Typical length of tenancy 12 months (Shorter-term leases can be dif昀椀cult; 12+ months preferred) Ash昀椀eld, Botany, Drummoyne, Lane Auburn, Bankstown, Burwood, Baulkham Hills, Blacktown, Blue Cove, Leichhardt, Marrickville, Mosman, Canterbury, Concord, Hunters Hill, Mountains, Camden, Campbelltown, Notice period Locations/Zone North Sydney, Randwick, South Sydney, Hurstvile, Kogarah, Ku-ring-gai, Manly, Fair昀椀eld, Gosford, Hawkesbury, Holroyd, 2 months Sydney, Waverley, Willoughby and Parramatta, Rockdale, Ryde and Hornsby, Liverpool, Penrith, Pittwater, Wollahra Strath昀椀eld Sutherland, Warringah, Wollondilly Typical deposit and Wyong 1 month deposit paid as a bond. Sometimes, may include a Indicate Indicate Indicate if rental if rental if rental 1 month rent paid in advance. Rent From Rent To price is up, Rent From Rent To price is up, Rent From "Rent To price is up, Unique situations down or down or down or Property Pro昀椀le (AUD/ (AUD/ (AUD/ (AUD/ (AUD/ (AUD/ • Standard procedure in AU is to Month) Month) unchanged Month) Month) unchanged Month) Month) unchanged make the bond and advance from from from rental payments within 24-48 hrs previous previous previous quarter quarter quarter of approval in order to secure properties (very fast-paced and 1 Bed Apt/ requires prompt approvals). Townhouse/ 2023-Q4 2,412 3,259 — 2,299 2,825 — 1,912 2,477 Unit • Negotiation on terms is limited, particularly with the increase in 2 Bed Apt/ demand for properties in the last Townhouse/ 2023-Q4 3,259 4,346 — 2,303 3,042 2,086 2,825 — 12 months. Offering below the Unit asking price will lead to losing a 2 Bed House 2023-Q4 3,259 4,128 — 2,390 3,042 — 1,869 2,303 property. 3 Bed House 2023-Q4 4,302 6,084 — 3,020 3,911 — 2,303 3,042 Vacancy Rates 2023-Q4 1.6% Data Source: Real Estate Institute of Australia (REIA) Real Estate Market Facts