Sunday 9 August 2009

Keeping track of the rent, part 4

Week four of me tracking the high end of the rental market in Drummoyne, post code 2046.

This my original sample, taken 4 weeks ago. Here's progress:

  • 434 Great North Road ABBOTSFORD $700 - deposit taken last week, but still on the market - appears to have finally moved off the market.
  • 85 Renwick Street DRUMMOYNE $750 - still available after 3 weeks
  • 9a Wrights Road DRUMMOYNE $780 - still available after 3 weeks
  • 30 Preston Avenue FIVE DOCK $800 - still available after 2 weeks, dropped to $780 - that appears to have done the trick, it is no longer listed
  • 20 Thornley Street DRUMMOYNE $900 - still available after 3 weeks
  • 6 Shackel Avenue CONCORD $950 - still available, and according to Google cache, it has been around since 26 May. That's now two whole months on the market, meaning the owner has lost $7,600 in rent. You have to wonder how long they'll hold out at this price.
  • 32 Polding Street DRUMMOYNE $1,000- still available after 3 weeks
  • 32 Barton Avenue HABERFIELD $1,000 - still available, but interesting to note that back on 18 June, it was listed at $670 per week. Something odd going on here.

This lot came on the market two weeks and are still available:

  • 3 Norman St FIVE DOCK - $1,000, still there
  • 18 Fitzroy CROYDON - $900, but dropped to $800 on 9 August. A $100 drop. Things aren't looking pretty when the price drops after one week by that much.
  • 51 Macnamara Ave CONCORD - $750, no drop in price. The real estate agent says to "be quick". Ha ha.
  • 31 KINGS ROAD FIVE DOCK - $750 - seems to have been rented
Newbies this week:

  • 2 Budd St DRUMMOYNE - starting off at $900
  • 688 Parramatta Road CROYDON - $770
In short, nothing seems to be moving much at the upper end.

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