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RENTAL

MARKET

UPDATE

Rental properties in Waverton and Wollstonecraft have continued to grow in 2017, generating significantly more enquiries
than the traditionally more fashionable suburbs such as Neutral Bay and Cremorne.
Comparing suburb to suburb, two-bedroom apartments in Waverton received 827 enquiries in October, 52% more
than Neutral Bay. On average, rents have increased by $10 per week in the last year and the average rental price for a
two-bedroom property in Waverton is now $660 per week.
Although demand is generally high in your area, it is still imperative to stand out.
The snapshot below shows you just one example of how Belle Property Management can maximize your investment and
achieve the best results.
By investing in premium marketing and pricing your property in line with the market, you can take advantage of the high
demand in your area and achieve premium results for your investment property.
Building Case Study
Block 29-31 Crows Nest Road, Waverton

2 Bedroom 18 Average $615 Average
Apartments days on market rent per week
Listed with Belle Property Managment Neutral Bay
Apartment 7, 29-31 Crows Nest Road, Waverton

2 Bedroom 7 days $695
Apartment on market rent per week
Looking forward to 2018, January to March is statistically the busiest time of the year. If you are looking for a premium agency
to manage your investment portfolio, a landlord wanting to improve on your investment or a future investor wanting advice,
please feel free to contact me.

Chris Davies
New Business Investment Manager

Chris Davies | New Business Investment Manager
0401 429 898 |chris.davies@belleproperty.com
Belle Property, 1 Young Street, Neutral Bay
9036 1000 | belleproperty.com/neutral-bay