Several years ago Ray White Beecroft had quite a few properties for rent at prices in excess of $1000 a month, typically to senior executives of large companies over here on ex-pat contracts, with the company paying the rent. This market dried up almost completely a year ago as the financial crisis hit and companies stopped sending ex-pats. Many existing tenants negotiated reduced rents when their lease came due, recognising the lack of competition in that market.
So it was pleasing to note that RWB's Property Management department just rented a property within a week of it going on the market for just under $1000! So maybe this end of the market is getting up steam again!
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