Holmes St Clair

Therefore, it can't be forever, but for now it is certainly a time to start thinking of upgrading your investment to ensure you compete with the rest of the market. This could be complete renovation of rooms or simply a cosmetic upgrade of blinds, paint, and flooring. As we are finding the original condition 60's 70's apartments are really finding it tough to obtain a tenant simply as tenants have so much choice. At Holmes St. Clair we ensure that we cover every angle in order to have your property leased as soon as possible within a reasonable timeframe. Please feel welcome to call us today to discuss your property needs. Margaret Woo | Senior Property Manager Ph: 8964 8880 | pm@holmesstclair.com Over the past month we have continued to see an increase in rental properties coming to the market which has pushed the Sydney metropolitan vacancy rate to 4.1% according to REINSW. This is twice what it was 18 months ago and therefore puts further pressure on price for rental properties in the area. Despite this we are continuing to lease properties consistently once we find the sweet spot that tenants begin to see value. Pressure on rental prices for the Lower North Shore in the last 6 months, and as a direct result of Covid, is seeing a reduction in most cases between 10 and 20%. This is consistent with the market, as well as our portfolio. Some investment properties are performing better than others, especially if they are unique, well positioned and/or offer an attractive point of difference. We believe this change is a direct result of state and country border closures as well as lots of new developments now completed and becoming available for rent across the Lower North Shore. Property Management Update A note to our valued property investors 10/22 Rocklands Rd, Wollstonecraft $620 per week L M N 2 1 1 FOR LEASE 2/19 Belmont Ave, Wollstonecraft $625 per week L M N 2 1 1 FOR LEASE 10 Market Update 2020