Northern Beaches Rental Market Update
John Hall and Ilijana Nonkovic | UPSTATE
Leased properties.
Properties leased on the Northern Beaches over the last 12 months
25A Dove Lane, Warriewood
$1,650 per week
4/21-25 Quirk Road, Manly Vale
$800 per week
6/109
$925 per week *Data
2/11 West Street, Balgowlah
$2,800 per week
4/85 Dee Why Pde, Dee Why
$850 per week
25/3
$990 per week
30 Wellman Road, Forestville $1,700 per week
103/398 Sydney Rd, Balgowlah
$1,300 per week
$2,750 per week
1 Grevillea St, Collaroy Plateau
Queenscliff Rd, Queenscliff
Corrie Road, North Manly
2,049
Inspect your property from anywhere!
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Prime investment opportunity.
Luxurious residences starting at just $755,000.
We are excited to present a prime investment opportunity in the Northern Beaches. These 1, 2, and 3 bedroom apartments and penthouses offer a timeless beach-house aesthetic. This is a unique chance to invest in one of Sydney’s premier coastal locations, where high capital growth potential and strong rental demand promise attractive returns. This Landmark construction with structural guarantee is underway.
Key investment benefits include:
• Passive income returns
• Building generational wealth
• Tax depreciation schedule
Interest Rate Update:
Recent reductions in fixed rates suggest a downward trend in interest rates over the next 12-24 months, potentially dropping over 1%. Lower rates will increase borrowing capacity, driving up property demand.
Rental Rate Update:
Rental rates for Dee Why apartments have grown by over 9.8% in the last year alone, with a 9% increase over the past three years. With limited supply, we anticipate continued rental growth. Newer apartments in Dee Why are achieving significantly higher rents than older stock23% more for 1 bedroom and 49% more for 2 bedroom apartments.
Community support.
Whether it’s sponsoring the local surf club or junior football team, or helping someone buy their first home, we love nothing more than putting the Northern Beaches community in a better place.
Investor night 2024.
In October, Upstate hosted its second annual Property Investor Nighta special evening dedicated to our valued investor and landlord clients.
It was a night to remember, packed with valuable insights from industry experts like Catalyst Finance, realestate.com.au Group and the property depreciation experts, Washington Brown. Our guests enjoyed great food, drinks and music and walked away with a deeper understanding of key investment trends, strategies for high-yield opportunities, and plenty of actionable tips to apply to their own portfolios.
Let us know if you’d like to come along to our next event and if you’re looking to expand your portfolio or attract quality tenants, get in touch with our team today. Let’s explore how we can help you achieve your property goals!
SERVICE AND COMMUNICATION
“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.”
“I was so impressed with the speed and efficiency Ilijana rented out my investment property to new tenants. Fantastic service and communication throughout. Highest recommendation!”
Client Review
GREAT RESULT AND RENTAL PRICE
“Ilijana from Upstate was very helpful with everything related to renting my apartment out. She reached out very quickly after I submitted an online enquiry and came over within an hour! She offered to organise quotes for various renovations/repairs and cleaning that needed doing when I was busy juggling work and moving interstate, and called every few days to check on progress and see whether I needed her to do anything for me.”
Client Review