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The Northern Beaches rental market continues to surge, showing no signs of slowing down. With vacancy rates at an all-time low of just 0.7%, demand for rental properties is far outpacing supply. This competitive environment has led to significant price increases, particularly for units, where the median weekly rent has now reached $868.
Strong population growth, limited new housing developments, and the area’s undeniable lifestyle appeal have all significantly contributed to these tight market conditions. From young professionals seeking beachside living to families looking for top-tier schools and a strong community, demand remains high. As a result, properties are being leased faster, and rental prices continue to climb.
Given these factors, the current market conditions are unlikely to ease anytime soon. For landlords and investors, this presents a crucial opportunity to reassess their investment strategies. Reviewing rental returns, lease terms, and financing options can help maximise profitability in such a competitive market. If you’re considering adjusting your lease or exploring new investment opportunities, now is the time to act.
How to Make the Most of Market Conditions
At Upstate, we know that managing an investment property comes with financial considerations, and one of the biggest costs is often the interest on your loan. The good news? Interest rates have been cut for the first time in four years, bringing the cash rate down to 4.1%. Even a small reduction in your interest rate can have a substantial long-term impact, potentially saving you tens of thousands of dollars over the life of your loan.
Work With the Best to Maximise Your Savings
To help landlords and investors secure the best possible rates, we’ve partnered with Catalyst Advisers, recently ranked as the #1 Mortgage Broker in Australia and specialists in investment property finance. Their experts compare your current rate against a panel of over 40 banks and non-banks, identifying potential savings tailored to your financial situation.
If you’re a landlord or investor, now is the perfect time to reassess your strategy, secure better financing, and maximise the potential of your investment. Let Upstate and Catalyst Advisers help you navigate the current market and maximise your investment.
Need advice? Let’s talk! Upstate is here to help.
