Rental Report – Daleys Point and St Huberts Island

Posted on 18 March 2010

Welcome to Daleys Point and St Huberts Island, a small waterfront playground of only 740 homes.

With such a small area and with high owner occupancy rates, rentals are few and far between and there is always a steady rate of tenants ready to move to area.

Our rental properties attract a lot of transitional tenants those that have sold their own property either in the local area and are between their search for the new home. Or those people making a change from Sydney and want to rent and live in the area before fully committing to a purchase. We find this style of tenant looks for lease terms from 6 months and up to 2 years in some cases.

We have strong demand for quality rentals in all price brackets at the moment. This surge is always traditional in January after the Christmas/new year holidays , however this year it has continued through into February and march as well. Obviously with this strong demand we have seen rental prices rise across the board and on average we have increased rents by 7% so far this year.

Vacancy periods are very low in the current market and we have been successful in securing back to back leases on most properties this year, with the standard two day period allowing for cleaning and repairs. WE find by building strong relationships with both our landlords and tenants alike allows for an easy transition between tenancies.

Daleys Point attracts various types of tenants from young couples, families and retirees alike, the geography of the area does often mean though that a lot properties are not suitable for family situation. But tenants with particular needs for boating and mooring facilities, views etc are always looking for quality properties to lease.

We have found new properties coming to the rental market from sales , where owners have been unable to achieve a sale and landbank the property by leasing it and waiting until the market improves, and again this works with our tenants looking for that semi permanent lease situation.

St Huberts island always has strong demand, Being level and and very community based makes it very attractive to families. We find that rentals on the island do attract a slight premium rent as apposed to similar properties at Ettalong Beach and the like.

There are two distinct levels of property on the island, a lot are original homes that have been purchased for investment or later redevelopment these properties attract on average $450pw and then there are the modern renovated properties that attract up to $750pw.


View Larger Map

We try to have our waterfront properties always available for release in the the spring/summer months as this is the most active and best time to secure tenants into place. In our area we do find that there is glass ceiling so to speak with the dearer properties anything over the $650 pw price range does struggle to attract tenants, there is this huge gap between the Sydney and central coast rental market.

While there is still being a lack of development for new houses with the sale market and the surge of first home buyers getting into the property market the strong demand for rental is sure to continue throughout the year.

Craig Favelle
Ray White Daleys Point
Mob 04 0344 1000 office 02 4344 1000
email: craig.favelle@raywhite.com

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