Page 7 - Quarterly Cammeray Market Report

Rental Market Update

At the mid point of 2019, we have seen the rental prices generally lower in the past 12 months. Apartments
have dropped by 3.5% in the past 12 months across the Lower North Shore. Cammeray has seen a similar
drop of 3.8%, however coming into Spring we normally see an increase in demand for apartments so it will be
interesting to see how the market performs in the next six months.

The rental price for houses has also lowered in 12 months, by 8.9%, however, looking at the rents over a three
year period, house prices have still increased by 22% since 2016. Whilst houses have seen a larger drop, the
demand for three or four bedroom properties is still very strong, especially if the property has been renovated.

Whilst the average days on market for a property on the Lower North Shore is now over 24 days, at Belle
Property Neutral Bay we are still leasing properties on average, within a 14-17 day period.

Our Property Management team offers a genuine, hard to beat level of service. With a strong established
brand and local experience, superior and bespoke marketing to suit any property and a proactive leasing
team, we provide landlords with the complete package to look after our clients.

Below are just two examples out of many, where we have had a very successful result for our landlords.
Working alongside Helen Wilson, we’d love the opportunity to help you, so feel free to contact me with any
property management questions.

LEASED WITHIN TWO YEAR
1 WEEK LEASE SECURED

1/4 Fall Street, 15 Cowdroy Avenue,
Cammeray Cammeray
$850 per week $2,500 per week
2 bed, 1 bath, 1 car 4 bed, 2 bath, 2 car

Weekly Rental Snapshot

CAMMERAY APARTMENTS CAMMERAY HOUSES

AVERAGE $550 per week $800 per week

4 BED N/A $1,250 per week

3 BED $860 per week $925 per week

2 BED $580 per week $660 per week

1 BED $450 per week N/A

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

Source: rea.com.au June 2019, SQM Research June 2019