If you own an investment apartment in Meadowbank, one of the most important questions is usually: “How much rent can I get?”
Setting the rent too low can mean losing rental income. Setting it too high can result in fewer enquiries, longer vacancy periods and potentially a weaker overall return.
The right rental price is therefore not necessarily the highest advertised price. It is the price that attracts the right tenants while achieving a strong result for the owner.
What is the current Meadowbank rental market like?
Meadowbank has a strong apartment rental market.
Current realestate.com.au data for the 12 months to August 2026 shows a median rental price of approximately $660 per week for units, with around 399 units leased during that period. Two-bedroom units have a median rent of around $725 per week, while three-bedroom units are around $1,150 per week.
Domain's current rental listings show median asking rents of approximately $650 per week for one-bedroom units, $810 per week for two-bedroom units and $1,150 per week for three-bedroom units.
The differences between sources demonstrate why an individual rental appraisal is more useful than simply looking at one suburb-wide number.
What determines the rent for your apartment?
Location within Meadowbank
Being close to the train station, shops, restaurants, schools and the waterfront can be attractive to tenants.
However, even apartments within the same neighbourhood can achieve different rents depending on their exact location and building.
Layout and size
A well-designed two-bedroom apartment with good living space and views will attract stronger demand than a poorly configured apartment with the same number of bedrooms.
Views and natural light
Tenants often notice views, privacy and natural light during inspections.
A higher-floor apartment with an open outlook may attract more interest than a similar apartment on a lower level.
Rent as furnished or unfurnished
If you're going to rent the property furnished, make sure it's fully furnished rather than partially furnished, as that's what justifies a premium on the rent.
However, there are risks. Once the furniture and appliances start to wear out, tenants may expect you to repair or replace anything faulty. Also, tenants looking for furnished properties often prefer shorter stays, so you may face higher turnover.
Should I just advertise at the highest possible rent?
Not necessarily.
Suppose a property could potentially achieve $720 per week but is advertised at $750 and sits vacant for several weeks.
The extra $30 per week may not compensate for the lost rental income during the vacancy.
For landlords, the better question is often: “What rent is likely to attract good tenants within a reasonable timeframe?”
That is where local market knowledge becomes important.
How often should I review the rent?
Rental conditions change.
When a lease is approaching renewal, it is useful to look at:
- Recently leased comparable properties
- Current competing properties
- Tenant demand
- Property condition
- Length of the existing tenancy
- The tenant's payment and rental history
- The cost and risk of vacancy
A rent increase should be considered in the context of the whole tenancy rather than simply matching the highest listing currently advertised.
Please note that under the current NSW Fair Trading rules, the rent can only be increased once every 12 months.
What should a landlord do before advertising?
Before putting your property on the market, consider:
Presentation: make sure the property is clean, tidy and well maintained.
Repairs: deal with obvious maintenance issues before inspections.
Photography: good photography can significantly improve online presentation.
Floor plan: for apartments, a floor plan can help prospective tenants understand the layout.
Pricing: compare recently leased properties rather than relying only on current asking prices.
Thinking about renting out your Meadowbank property?
Mango Real Estate provides rental appraisals and property management services for owners in Meadowbank and surrounding suburbs.
We can assess your property, discuss the current rental market and recommend a realistic rental range before you make a decision.
Thinking about renting out your Meadowbank apartment?