Sydney Cove Property

It has been an unpleasant 12 months for landlords within the CBD as there has been a significant change in the market. With the closure of international borders, companies asking their staff to work from home and the decline of international students, the market experienced a spike of properties available for rent, forcing rents to drop between 25-30%. This reduction in prices has brought a new type of tenant to the CBD, with local Sydney residents taking the opportunity to move to the city for the first time, as it was deemed unaffordable in the past. The good news for investors is that it appears the worst is over as vacancy is nearly back to normal and rents are starting to increase. Interestingly, the higher end three bedroom market is recovering faster than the smaller apartment market. PROPERTY MANAGEMENT KAYLA CALDWELL WHAT OUR CLIENTS HAVE TO SAY: The Sydney Cove team, operates from the premise of wanting only the best for you. Whether that’s finding a property which suits your needs or managing your existing property so it improves in value, you couldn’t go past this agency. Working from an overseas position, our 7 year partnership has been fruitful and without complication. CHERIE XUE LAUREN MELLOR NED PIROVIC GORDON MARKOVIC JUDITH - LANDLORD It has been an unpleasant 12 onths for landlords within the CBD as there has been a significant change in the arket. ith the closure of international borders, co panies asking their staff to ork fro ho e and the decline of international students, the arket experienced a spike of properties available for rent, forcing rents to drop bet een 25-30 . This reduction in prices s r t ty f t t to the , ith local Sydney residents ta i t t it t t t ity f r the first time, as it was dee ed ff r l i t . The g od e f r i i t i v r as vacancy is nearly bac t l i . I t r stingly, the higher e t r t t s al er apart e t r t. KAYLA CALDWELL HAT OUR CLIE : The Sydney Cove tea , o r t fr t f r yo . Whether that’s finding a property which suits your r i i i r rt it i roves in value, you couldn’t go past this agency. Workin fro r i i , r r rt r i as been fruitful and without complication. CHERIE XUE LAUREN MELLOR NED PIROVIC GORDON MARKOVIC JUDITH - LANDLORD