Phew! What a year this has been!
But 2020 has also made us appreciate what’s really important. Well… if you ask us, it’s about time that we live the lifestyle we truly want, in the area we want.
Sure, we’re a little biased, but Sydney’s Northern Beaches is the perfect area for this and apparently, we’re NOT the only ones who think so.
Here’s what’s happening here and what you need to know!
What’s UP for the rental market in the Northern Beaches?
Well, despite the ups and downs in the Sydney rental market this year, the Northern Beaches has been performing extremely well.
With such a low vacancy rate of 1.08%* (as of 11/11/20), this beautiful Sydney region is undoubtedly a highly sought-after location for both commercial and residential property. With the lifestyle it offers residents and the market that’s in store for businesses, securing a spot on the Northern Beaches is a great opportunity right now.
We’ve even had ‘better than market’ results, with our rental properties seeing a vacancy rate of 0.6%* (as of 11/11/20) – which is lower than the market’s average. We’re noticing a huge amount of people moving away from the Sydney CBD and into places like Dee Why, Palm Beach, Pittwater, Curl Curl and of course, Manly. At Upstate, 92% of our properties are leased during the first open home!
Here’s a quick case study to show you what’s been happening here in the rental world.
Hot property: The Livistona rental rush on Sydney’s Northern Beaches
The Livistona Development boasts a wide selection of apartments situated in a peaceful area near beautiful beaches, leafy national parks and open green golf courses.
Located at Wheeler Heights, it’s nestled between Narrabeen Lake, Cromer Golf Course, Dee Why Lagoon and Dee Why Beach. As you can imagine from these key local landmarks, it’s a perfect area for families and anyone looking to enjoy a relaxed, Aussie lifestyle.
The 3-storey development comprises of 39 apartments and 8 retail spaces. Among the Livistona apartment spaces are 4 x 1 bedroom units, 9 x 1 bedroom plus study units, 19 x 2 bedroom units and 7 x 3 bedroom units.
This amazing property was in burning hot demand and Upstate managed to secure the leasing agreement for 14 out of the 15 investment properties in the block.
We put them onto the market and BOOM.
We received over 450 enquiries and had around 100 through the open homes. After just the first inspection and 37 applications later, all 14 properties were leased! What a feat!
Have a read of this testimonial from one of the thrilled landlords of a unit at Livistona:
Why are people moving to the Northern Beaches?
With more and more people wanting the perfect lifestyle, the beaches are becoming the perfect place to live and are making that move. With the ocean breeze, laidback lifestyle and the gorgeous views, who could blame them?
As a study by the University of Exeter in the UK found, people who live closer to the beach are 22% less likely to have symptoms of mental health disorders compared to those who live farther from the coast. And with a year like this, what better reason is there than this?
Along with this, there are many more perks to living along Sydney’s Northern Beaches:
- The lifestyle – just minutes away from the water and a wide array of spots to have fun, your health and wellness will thrive when you live in the Northern Beaches. There are lots of activities to enjoy – whether it’s relaxing on the beach or going for a run in the great outdoors, the environment is so relaxing that people are less stressed and do things at their own pace!
- The community – Having this laidback lifestyle, people in the community are very warm and welcoming. From young business people, growing families to friendly retirees, the Northern Beaches is truly a place for everyone to enjoy.
- Investment potential – Now that you’ve understood how charming the area can be, it’s no surprise that it’s also a great opportunity for property investing. With the rise in the current market, it will surely flourish even more in the long run which will increase the value of properties.
Looking to invest and lease your property in the Northern Beaches?
We’ve got you!
With such a high rental demand, there’s no better time than now to have your property leased – and leased by a team who are the best in the region.
At Upstate, 92% of our properties are leased during the first open home! This proves that we take care of your leasing needs and deliver impressive results. Our approach sets us apart from the rest – we redefine real estate with bespoke services and a forward-thinking attitude to help you find yourself in a better place.
So, let’s make it happen!
We’re always here to help you.
Our Upstate real estate specialists can make leasing and selling Northern Beaches property easy. That’s because we’re a big agency that acts like a boutique one. Our personalised service will help you get the most out of your property.
Speak to your local Upstate team today and we’ll show you the possibilities that are earning excellent results.
We look forward to chatting with you soon.
Your local Upstate team