The Rent Report – Potts Point, Darlinghurst, and Elizabeth Bay

It’s been a busy start to the year for our Property Manager, David Zavaglia. The rental market has picked up again as we see people start to return to the city. And this means that property investment in Sydney is still strong. 

To keep you in the loop, we thought we’d ask David a few quick questions on what’s happening in the local Potts Point, Darlinghurst, and Elizabeth Bay rental markets.

Are you seeing a difference in the rental market compared to this time last year?

Yes, I’ve been getting a lot more enquiries at the start of this year, a lot more people at open homes and a lot more people getting the property they are looking for. The buzz is definitely starting to return to the area, it’s wonderful to see!

How long are properties lasting on the market at the moment?

We’re seeing properties generally only lasting two-three weeks on the market at the moment, compared to four-six weeks this time last year.

Which type of properties seem to be the most sought after?

We’re seeing a rise in people wanting two-bedroom apartments over one bedroom or studio. People are looking for more space as they navigate a more hybrid work style, mixing at-home with in-the-office. 

If you’re interested in buying, renting, or selling a property, or would just like to chat and ask some questions about the market, please contact us today.