June 2018 Sydney Rental Trends
If you want to live amongst Sydney’s most prestigious suburbs all signs are pointing East.
The Eastern Suburbs of Sydney have long been known for an increasing rental demand but what kind of rental prices are they fetching?
Bellevue Hill has taken the lead for highest median rent price for houses at $2048 p/w, with Point Piper taking number one spot for highest median rent price for units at $998 p/w.
According to Domain Groups latest Rental Report it seems Sydney’s Eastern Suburbs have graduated to become the most costly region in the country.
Overall, when you combine houses and apartments, the highest ranking Sydney suburbs for median rental prices, according to the latest Domain Group Data for June 2018, are;
- Darling Point – $2,625
- Watsons Bay – $2,500
- Tamarama – $2,200
- Bellevue Hill – $2,024
- Vaucluse – $1,875
- Kurraba Point – $1,800
- Rose Bay – $1,768
- Dover Heights – $1,700
- Double Bay – $1,690
- Clontarf – $1,650
When it comes to popularity as opposed to price and prestige, Sydney CBD was the most searched for suburb followed by Surry Hills, Paddington, Newtown and Darlinghurst. It seems convenience and ease of transport is highly desired by Sydney renters. Mosman is the suburb most frequently searched by those looking to purchase.
George Astudillo is the founder of Property Quarters, an agency that values communication and great relationships with its landlords.
George now has more than 30 years in real estate, including 15 years as the owner of a national real estate franchise. He’s also an accredited auctioneer and is the author of “The Landlord Mindset”, a book with his best tips to help landlords look after their investments. His book has been quoted in the SMH, The Huffington Post and The Age.
As the founder of Property Quarters, George takes great care in looking after his landlord’s investments. Having seen it all and worked with may landlords and tenants, he’s a strong mediator and negotiator and knows how to navigate through property legislation.
George is trusted by his landlords to advise on the financial management of their investments. He’s put in place proven processes to ensure each property he looks after is managed effectively to retain its value, quality tenants and rental income.
If you’re looking for a property manager who thinks like a landlord and whose business is built on tested processes, contact us by clicking HERE.
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