Latest / The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1387 EXPERT LANDLORDS TALK ABOUT RENTAL SPREAD... WHAT IS IT?
Ever wondered what happens to rent prices when a tenant moves out and a new one moves in? The answer lies in what industry insiders call "rental spread" - a critical metric that reveals the true state of our rental market.We're pulling back the curtain on this hidden data across Sydney's Northern Beaches, and the numbers are staggering. Properties that were leased at $630 per week are now commanding $750. Houses previously at $1,900 are jumping to $2,100. And the most shocking part? These properties are being snapped up within days - sometimes just 24 hours after becoming available.This…
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