The market is off to a strong and surprising start in 2017
When it comes to buying property, especially for first home buyers, we often look for the perfect property. We want a particular number of bedrooms, a certain sized property, a specific number of bedrooms, new or renovated kitchens and bathrooms, the list goes on. Wanting to find a property that ticks all of the boxes can leave you waiting and disappointed.
With demand for properties starting off this year much higher than expected, competition is tight for renters in the Sydney’s inner and eastern suburbs. “We had 28 people queued up for a property in Randall street, Potts Point over the weekend”, reports SydneyLinks property manager Jean Ladianghibong.
1. A much sought after view from Randall street, Potts Point. 2. Potential renters queue to view property in competitive market
The high competitiveness of renters applying for properties means a high quality of applications. “We are signing leases at prices higher than advertised”, says SydneyLinks principal agent Trisiana Muljono.
From the 3rd of January in the the first week of the year SydneyLinks leased 8 properties. “In four days we leased several properties above lease price,” says Trisiana.
Potts Point is the suburb of choice for SydneyLinks and many streets attracted higher lease prices. Prices included increase of $10 for a property on Randall street, $30 for a property in Ward avenue and $30 in Macleay street.
If the start SydneyLinks has had to the year is anything to go by, 2017 will be a busy year.
The SydneyLinks team
194 -196 Victoria Street Potts Point NSW 2011
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