Media outlets have been stirring things up in the rental market with reports of mega-queues for properties and landlords being able to hike up rents and pick and choose a tenant when the reality is rather different.

Katrina Borg, our New Business Executive, has been at the top of her game for 17 years and has never seen a market quite like it. Media hype is not the real picture with most of those lining up to view a property there to check out their options. Katrina reports, “We’re getting an average of 8-10 groups through our open homes with about 20% of those actually wanting or needing to move. This is not a time to be putting rents up and the mis-information that’s coming out of the media has caused a bit of rent hysteria in the press that’s filtered out with no actual credence. Feedback from tenants is that they’re looking to cut costs, so don’t believe the hype about landlords in a position to charge what they like and get a great tenant. A good example is a recent client who was paying $1,100 a week for a one-bedroom apartment in Rose Bay and was refused a reduction even though she paid more rent than originally listed. She found a fabulous property in Bellevue Hill with stunning views, two bedrooms, a study and off-street parking for the same rent. Our advice to landlords is to be realistic and hang on to a good tenant. The market’s recovering from Covid ramifications and, although there’s a correction on the horizon, it’s a time to tighten the belt and ride it out.”

If you’re looking for a quality rental in a top location with plenty of room for a family or friends looking to share, 101 Chaleyer Street, Rose Bay is a real bargain for a beautifully renovated four-bedroom home. Listed for $2,500/week, the two-storey home offers much better value than neighbouring Bondi but is just one street back from North Bondi and comes with a high-spec kitchen, landscaped courtyard and beach shower.

Beach lovers will be captivated by the panoramic views over the iconic stretch of sand from the sunlit interiors of 4/17 Wilga Avenue, Bondi Beach. On the north-east corner of a block of only five, the two-bedroom apartment is set at the cul-de-sac end of the street adjoining the coast walk and comes with a lock-up garage for $1,300/week.

Right on the park, 30 Henry Street, Queens Park is an ideal rental for families who have recently sold a property and are looking to get a feel for the area or want to live in a community minded neighbourhood. Capturing views over the park grounds from its peaceful setting, the four-bedroom home features a gorgeous child-friendly garden with a sunny pool with pool maintenance included in the rent of $2,900/week. If you’re looking for a rental property, our property management team is here to help so get in touch with Katrina on 0400 455 026 or any of our management specialists.

This week the sales team secured 13 sales with an average price of $2.7m and listed 16 new properties and the management team secure 20 tenancies and listed 9 new properties for lease.