Sydney’s Inner-City Vacancies Could Tighten
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Sydney’s Inner-City Vacancies Could Tighten

The rental market is set to feel a supply squeeze.

By Terry Christodoulou
Thu, Apr 22, 2021Grey Clock < 1 min

Finding an inner-city rental is set to become increasingly difficult as the number of vacancies in Sydney’s inner suburbs is set to tighten as a number of investors look to sell their properties to take advantage of rapidly rising prices.

According to data from suburbtrends.com more than one in three (34%) of properties listed for sale in Leichhardt, in Sydney’s inner west, are ex-rental homes – the highest proportion of investment properties currently on the market in a given area.

North Sydney and Mosman fared similarly with one in four (25%) properties listed ex-rentals, the eastern suburbs presented 28% in the month of March.

Of course, if the bulk of homes being bought are to be turned into owner-occupiers, there will be some flow-on effects to the rental market.

Further, 14% of the Perth city market and 5% of the Melbourne city market are ex-rentals.

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The waterfront residence is one of Port Stephens’ finest homes.

By Kanebridge News
Fri, Aug 12, 2022 2 min

In the coastal township of Salamander Bay — nearby to Port Stephens — comes a unique home crafted to take full advantage of unbroken ocean vistas across three levels.

With one-of-a-kind flair, the stunning 5-bedroom, 3-bathroom, 3-car garage home of 52 Randall Drive Salamander Bay is nestled on a private 577sqm plot, optimised through intelligent design to take advantage of the Port Stephens landscape and lifestyle.

Within the home sees the typically coastal textures of natural oak floor and timber feature walls take hold while stone and tiled adornments add layers of luxury.

The open plan living, kitchen and dining areas incorporate a fireplace and near floor-to-ceiling glass that opens to create a seamless indoor-to-outdoor dining and entertaining space on the home’s top floor.

The heart of this area is the kitchen, centred around a marble-topped island, state-of-the-art European appliances and an attached bar area, with built-in refrigeration, accompanied by a butler’s pantry.

Also here comes a grand outdoor spa, central to the balcony, while another outdoor entertaining area with a pizza oven is found on the middle floor.

Downstairs once again comes a second living space replete with the perfect wine cellar — cooled by the natural rock foundation of the home — offering an array of entertaining options

Of the home’s accommodation comes a private and luxurious master retreat with expansive ocean views, a walk-in wardrobe and an ensuite, here, speckled with grey terrazzo tiling and timber joinery vanities.  A further four bedrooms are found throughout the home along with two family bathrooms rounding out the offering.

Less than a five-minute walk from nearby amenities of shops, restaurants, cafes and beaches the home offers the best of the Port Stephens area.

The listing is with PRD Port Stephens’ Dane Queenan (+61 412 351 819) and Erin Sharp (+61 499 912 311) and is heading to auction; prd.com.au