The rental market has been in a state of flux characterised by a distinct disconnect between landlords, tenants and agents. Surging rents have meant that tenants are looking for more affordable housing or ways to reduce costs by sharing or moving further away from where they live and work.

Our New Business Executive Katrina Borg says, “To ensure our landlords secure quality long-term tenants, we’ve been encouraging them to be more realistic with pricing to avoid vacancies and maintain yields. The good news is that with summer on its way, there’s been the usual surge in demand for coastal properties by motivated tenants. A good example is 98 Hastings Parade, North Bondi which had 29 groups the first Saturday open last week. We had 17 applications but only two were above asking which is unusual for the time of the year and a direct reflection of the cost of living crisis. By pricing properties well and maintaining a long-term perspective, landlords can be sure to lease their properties quickly and with a choice of tenants which is always preferable.”

Katrina and the team have a fantastic line-up of properties available for lease with some real standouts that are certain to fit the bill in terms of lifestyle and location. Perfect for the busy active family 95 Adelaide Street, Woollahra is perched on the ridge overlooking Cooper Park just 400m to Westfield’s retail precinct and within easy reach of the coastal playgrounds of Bondi Beach and Double Bay. With a rent of $1,700 per week, this is exceptional value for a three-bedroom Victorian terrace within easy reach of Reddam House, Woollahra Public School and Bondi Junction station.

A rare opportunity to live in one of Bronte’s best, 4 Bayview Street, Bronte is right on the doorstep of the beach with awe-inspiring views over the ocean to Bronte Baths as a blissful backdrop to daily life. With four double bedrooms and a top floor devoted to a parent’s retreat, the freestanding home comes with parking for four cars, an absolute rarity so close to the beach. With a rental of $4,500 per week, you can live like a rock star this summer!

Katrina has just listed a two-bedroom apartment at 7/23-25 Vicar Street, North Bondi which will have its first open tomorrow, Saturday 2nd from 10.20am to 10.40am. Listed for $900 per week, the two-bedroom Art Deco classic has already had loads of enquiries so make sure to get down to the open if you’re looking for a beach pad for summer.

This week the sales team secured 19 sales with an average price of $2.4m and listed 31 new properties and the management team secure 11 tenancies and listed 14 new properties for lease.