Latest / The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1477 ARE RENTS REALLY STILL ON RISE????
In this live update from the Northern Beaches, Mark Novak and property manager Cleo discuss the current state of the rental market, highlighting that despite winter—typically a slower season—rents remain high and continue to increase. Cleo shares firsthand experience from re-letting properties, noting that while homes recently on the market are seeing modest rent increases, properties that haven’t turned over in years are seeing jumps as large as $150 per week. The average rent for a typical two-bedroom unit now sits between $800–$850, with older units around $780 and newer ones nearing $900…
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