Recent Home Living Property Culture The Team North Shore Living
Recent Home Living Property Culture The Team North Shore Living
Property

How to attract great tenants on Sydney’s North Shore

27-Nov-2019
Written by Matthew Bourn
Fortunately, for those of us who own property across the Ku-ring-gai or Willoughby areas, attracting good tenants to our properties is relatively straightforward, as long as you maintain a quality home.

Sydney’s North Shore is a beautiful place to live and, at McConnell Bourn, we have a substantial database of properties and prospective tenants, along with extensive experience in finding just the right people for the rental properties we manage.

What kinds of properties do we list for letting?

Our database of investment properties is made up of around 49% family-sized houses, and 45% units, with a small number of other rentals such as townhouses and duplexes.

Houses on Sydney’s North Shore are highly sought after by executive families looking for good schools and homes with plenty of space. Granny annexes or teenage retreats are popular, as are features such as open-plan living, pools, tennis courts, and large gardens to accommodate child play and entertaining.

Our units are popular with professionals and young families, who are often seeking some leafy suburbia to help them relax after a day’s work. Many of our tenants travel to work in the city or have jobs in high-density districts around Sydney, so having a peaceful escape to rest and recuperate on the weekends, after the noise and grind of a working week, is ideal.

What draws tenants to the North Shore?

Many are potential buyers. We see a lot of people wanting to ‘try before they buy’ and scoping out either the Ku-ring-gai or Willoughby areas to see if it’s somewhere they feel happy and would like to live long term. Renting allows professionals or families to live in the area whilst saving a deposit or to get a feel for the suburb in which they might like to eventually buy.

Executive families are always looking for proximity to great schools, as well as a relaxed way of life, a decent amount of outdoor space, and bonuses such as pools and tennis courts. Good public transport links are another big plus. We see a lot of prospective tenants from overseas, often from Europe, India or China, who are highly educated and place great emphasis on education for their kids.

Executive tenants, especially those from overseas, are looking for good-quality (often long-term) housing and they’re prepared to pay a premium for the right home, making these people excellent tenants. They favour clean, safe, well-presented homes that are professionally managed, so they know that should a problem arise that it will be dealt with promptly.

Families with nearby jobs based in Macquarie Park, Norwest, Chatswood and the city all like the convenience of living on Sydney’s North Shore.

We also see interest from people who grew up in rural towns and want to be close to the city for work but maintain a similar lifestyle, with space, quiet and greenery.

Another group we see are people whose children are close to finishing school. They will sell the family home and rent for a year or so while they look to buy elsewhere, perhaps closer to the beach, the city or areas with more restaurants and theatres. We find that the schools are a major drawcard for the area, but once children are older and completing their final year of school the family will look to move out of the area.

City workers also like the fact that there are apartments close to train stations for commuting into the city. This offers them the balance of convenience and a less intense home life than living and working in the city centre. We find that tenants are keen to rent homes close to public transport, which makes those homes a sound asset for our property investment clients.

Listing your property with us

If you are thinking of investing in Sydney property, the North Shore continues to provide a safe, attractive and sought-after location for tenants.

The right rental property can provide the ideal stepping stone for people when they first move to the North Shore, often for schooling, or when they’re preparing to transition out. And both Ku-ring-gai and Willoughby are popular with executive families and city workers.

We have a lot of experience in finding the right tenants, managing our properties to a high level of care and attention, and handling any issues that arise. Please do not hesitate to give us a call if you are thinking of renting your property and would like an informal appraisal, or more information about how we work.

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