You may recall my analysis of rental values in the Lower North Shore that described their decline since 2017. This was in contrast to the increases experienced in outer suburbs and the regions.
This was a consequence of COVID where work from home was more common and there was less appeal to living in the heart of the City.
The wheel is now turning and rental amounts have begun to increase, in the range of 5% to 10%. At each routine inspection, we review the rental position and make a recommendation to each owner.
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