In suburbs across every Australian capital city, and in almost every major holiday destination along the East Coast, you can find a short-term rental property listed through Airbnb.
Most of these short-term rentals are being listed by the property owner, either an investor or owner-occupier, but increasingly tenants are illegally subletting a room or the whole property, unbeknown to the owner.
A well-presented one-bedroom unit in a good location can be more desirable for renters than a larger apartment in a secondary location.
This near-new one-bedroom apartment in Turramurra was recently leased in a highly competitive market.
The ground floor apartment is close to public transport and amenities, offering an easy walk to Turramurra train station, local shops and schools.
Located within a security building, the open plan layout extends the living space and gives the one-bedroom apartment a much a larger feel.
The contemporary, streamlined kitchen flows into the dining and living rooms and takes full advantage of the North facing balcony. The fresh carpet and quality appliances throughout created a big and broad appeal for this small apartment.
The Turramurra rental property specs:
Gas kitchen with Caesar stone bench tops and splash back
Shower over bat
Bedroom with built In Robe
Internal laundry with dryer
Spacious storage cage
Split system Airconditioner
Changing lifestyle preferences, a lower purchase price and higher returns are bolstering investor demand for one-bedroom apartments.
If you own a one-bedroom investment property and want to know how best to attract suitable tenants in a competitive market, an experienced property manager local to your area can help. Stills Properties has spent over thirty years servicing properties on Sydney’s North Shore. Contact us to discuss your needs.
Australians have long favoured bricks and mortar investment over the stock market.
But with recent lender restrictions, interest rate hikes and talk of property price corrections and a housing crash, Aussies are said to be losing confidence in the viability of property investment.
For a confident property investor, they know not to panic. They understand the market is cyclic and property values fluctuate over time. They ignore the hype and focus on researching the market, gaining knowledge, and having a plan.
The number of Australian’s renting is officially on the rise. While this is great news for residential property investors, it’s not the only thing heading north.
In recent years, tenants who are illegally subletting to strangers, especially tourists and holiday-makers has increased at an alarming rate, leaving the property owners exposed to a range of risks and costly consequences.