Crows Nest rental market
Here’s how the Crows Nest rental market is shaping up:
Market Overview
Median Rents (realestate.com.au)
Houses: $1,200/week — up ~7% year‑on‑year; demand surged ~80%
Units: ~$695/week — up ~7%; demand steady
Overall median: ~$750/week
Listing Activity
Around 600–800 listings currently active on platforms like Rent.com.au and property.com.au
A wider search including St Leonards shows ~893 listings
Supply & Demand Insights
Rental demand for houses has jumped ~80%, while units remain stable
Though listing volumes are healthy, competition is stiff, especially for houses and larger units.
Vacancy across Sydney is still tight—less than 1%—with North Shore suburbs like Crows Nest feeling the pinch
Developments & Future Supply
A 31‑storey tower proposal near the Metro station would add 114 apartments, including some “affordable” units
The “Hume Place” build-to-rent scheme includes 474 rental units (56 of which are earmarked as affordable), likely boosting supply if approved — public exhibition runs until
What This Means for Renters
Rent level: Expect to pay around $700–800/week for a 1–2 BR unit, and $1,200+/week for houses.
Competition: Fast-decision making on inspect requests for quality listings is key.
Emerging supply: The new developments could help ease tightness—but likely only in late 2026/2027 once built.
Affordability: Lower-end units/studios may go for $500–650/week, but they’re scarce
