Upper North Shore Development

Fantastic to see a 2 storey build that is full brick on top and bottom. And not full of fibro facades and sh*tty render that turns to crap and looks horrible after after 5 years. This is clearly designed and built in a sustainable & low maintenance way - perfect for the long term holding investor.

 

What’s you’re current estimates on the Granny flat rent at the moment ?

We’re about to start a granny flat in Turramurra on our PPOR , east side walk station . Corner block .

When we were talking to local pm’s Prior to starting , they were talking in the 500’s though I thought that looked pessimistic and I was thinking around 600 .

Are you still budgeting on 650 , even the rental market is softer at this stage ?

Cliff

 

We signed up someone at $680 per week and possibly could have got higher put the quality of tenant wasn't as good.

 

Very nice development mate- good numbers, good product.

 

Looks amazing, can't wait to see more pictures. The upper north shore market is hard to please.