Northern Beaches
Rental Market Update
Northern Beaches
7,677 Total properties leased on the Northern Beaches over the last 12 months. 5/19a Frazer Street, Collaroy 5/163-165 Pacific Parade, Dee Why 50a Wimbledon Avenue, North Narrabeen 1c/1-7 George Street, Manly 3/109 Ocean Street, Narrabeen 40 Park Avenue, Avalon Beach 20 Cousins Road, Beacon Hill 703/890 Pittwater Road, Dee Why 37 Warriewood Road, Warriewood 23/1114 Pittwater Road, Collaroy 129 Lagoon Street, Narrabeen 306/44 Ocean Street, Narrabeen
Rental Statistics
How the Northern Beaches rental property market performed over the last 12 months.
leased price
of leases - House
Average days on market - House
Rental price average - House
of leases - Unit
Average days on market - Unit
Rental price average - Unit
household income
population age range
sourced from properties marketed on realestate.com.au
*Data
Average
Largest
$652 p/w 45 - 49 8 $156,000 Number
Vacancy rate 5,757 1.7%
Highest
$1,371 p/w30 $6,000 p/w Number
1,920
Market Wrap
Due to an increase in demand and lack of supply, Northern Beaches rental prices have increased 16% for houses and 4% for units over the past 12 months. The current average asking price for a house on the Northern Beaches is $1,371 and $652 for units, respectively. The high-end rental market has exceeded expectations in the last year with renters willing to pay more for additional space that caters to hybrid working.
In 2022, we have seen a seasonal shift return after two years. Enquiry during winter has seen a slight decline along with open home attendees. Vacancy rates across the Northern Beaches is currently at 2% although we expect to see an increase in demand as we head into the autumn and summer months.
Rental yields June 2021 was 2.9% and has increased to: 3.5% July 2022 - Units
Rental yields June 2021 was 2.6% and has increased to: 3% July 2022 – Houses
My predictions for 2023 will be a strong rental market as we see interest rates continue to rise. The Northern Beaches is a desirable location in any market and continues to be a solid investment for landlords.
With a dedicated leasing and property management team by your side, Upstate are here to help look after landlords and minimise hassles whilst maximising their returns.
Get in touch today and find yourself in a better place. Call 02 9971 9000.
Upstate Stats
last 12
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(
months ) Vacancy rate Average weekly rent $8000.8% Market share 4.32% Current tenant database Average days on market 927,500 Properties leased 671
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John Hall (last 12 months)
Total # of new landlords to the business: 300+
Highest lease price: $2,900
Testimonials
“ John Hall assisted me in purchasing and renting a property at Narrabeen. I was more than impressed with his professionalism. John is a friendly and mature person who showed me great respect during this time.”
“ John made the process of renting my property very easy and painless. He is very thorough and professional, always willing to hear my input. I would highly recommend him to anyone who is looking to rent their property.” Get in touch with John on 0403 346 089 • john.h@upstate.com.au
Meet the Team
Most importantly, we love what we do. And what we do best is prospect for the perfect tenants, then convert to a lease more than any other agent in the area.
Level 1, Suite 15 888 Pittwater Road Dee Why, NSW 2099 02 9971 9000 hello@upstate.com.au upstate.com.au