Rental trends in the Gosford area

Looking for a new rental home? Our guide to the current market will help you put your best foot forward.

If you’re looking for a new rental home in Gosford, we’ve got some good news. Rental demand in this area is currently less than the average for New South Wales, which is great news for house hunters when budgets are tight and every dollar counts.

Each new online property listing in the Gosford area has around 50% less visits than the average for property listings in New South Wales, which is great news as it means less competition when it comes to those hectic Open For Inspection visits and when lodging your rental application.

You still need to do your homework!

This doesn’t mean you’ll necessarily find it easy to find your new rental home. But it is good news, as it means there’s less competition than in some other areas.

  • You’ll still need to ensure you put your best foot forward when looking for your new home, so do your homework.
  • Keep a keen eye on the latest rental listings, and talk to your local Property Managers about your needs so they can let you know if the right place pops up.

Tip: If you notice a property has been advertised or vacant for a while, don’t be afraid to try and negotiate on the rent.

How much rent can you expect to pay?

Here’s a snapshot of current median rental prices in Gosford, as at January 2017.

  • Average rent per week for a unit is $370
  • Average rent per week for a house is $370

 Rents can vary a lot between suburbs

Demand is higher in some other suburbs around Gosford though, so if you’re looking for a new home it can pay to choose your suburb carefully as you can make some big savings on rent.

  • Demand in Avoca, for example, is over 65% higher than the average for New South Wales.
  • And in Lake Haven, demand is also around 40% higher than the state average, and in Erina it’s almost two and a half times the NSW average.

In areas where demand is higher, rents will be higher.

For example, the current median rental prices for Avoca is:

  • Average rent per week for a unit in Avoca is $445

So do your research, as the weekly savings you could make in rent by choosing a cheaper suburb could add a lot of extra cash to your weekly budget.

Looking for a new rental home? Check out some of the latest listings in Gosford, Avoca, Erina, Lake Haven, Wyong, The Entrance and Umina.

Get your application organised so you’re ready to go

Don’t wait until you find the perfect home before getting everything ready for your rental application – you could lose precious time and find someone has nabbed it before you!

  • Prepare copies of your photo identification, any references you might have from past landlords, financial statements and recent payslips, and references for any pets you have.
  • A big plus is a copy of the rental ledger from your current or previous home, as this clearly demonstrates your reliability as a paying tenant.

City Finance can help you with fast cash for your rental bond and moving expenses

Need help getting the cash together for your rental bond and moving expenses? Just pop in and visit our friendly staff at our Gosford branch for a chat.