Murray Property manages rental apartments in Potts Point from its office at 251 Oxford Street, Darlinghurst, about a 15-minute walk from Fitzroy Gardens. Managing Director Michael Murray has more than 22 years’ experience managing property across Sydney’s inner east, and Potts Point landlords deal directly with him rather than a rotating team.
Potts Point is almost entirely apartments, most of them in older strata buildings, and about two in three households rent. That makes it a suburb where good management comes down to three things: pricing each apartment precisely, working smoothly with the building’s owners corporation, and keeping older buildings compliant. That’s what we do.
Potts Point at a glance for landlords
$730
Median weekly unit rent (Cotality, 12 months to June 2026)
1.81%
Rental vacancy rate, Potts Point (HtAG Analytics, June 2026)
86.9%
Homes that are apartments (ABS, 2021 Census)
65.1%
Households that rent (ABS, 2021 Census)
Figures updated November 2026. The 2011 postcode also covers Elizabeth Bay, Rushcutters Bay and Woolloomooloo, so postcode figures include some harbourfront apartments. Source links sit under the table.
What makes Potts Point different for landlords
Almost every rental is in a strata building
With 86.9% of homes being apartments, nearly every decision involves the owners corporation: by-laws on pets, renovations and moving in; common-property repairs; and, in some buildings, the smoke alarms.
Older buildings need closer care
Many Art Deco blocks are close to a century old. Plumbing, wiring, damp, windows and walk-up access matter more, and every rental has to meet the NSW minimum housing standards.
Small apartments, big differences in rent
Floor level, light and aspect, renovation, a balcony, a lift or a rare car space can put the same floor plan in very different rent brackets.
Tenants who live without a car
Kings Cross station is one stop from Martin Place. Many newer buildings can’t get resident parking permits, and owners and agents have to tell tenants upfront.
Our property management service
Rental appraisal
Priced from recent leases in your building and street, not a postcode average.
Marketing
Photography, a listing written for the right tenant, and inspections run by us.
Choosing a tenant
Thorough checks and references, in line with NSW law.
Leases and compliance
Agreements, condition reports, smoke alarms, pet applications and rent increases.
Strata coordination
We deal with your strata manager on repairs and by-law approvals.
Maintenance
A spending limit you set, so urgent repairs are handled straight away.
Inspections and reporting
Routine inspection reports with photos, an statements.
End of tenancy
Exit inspection, bond claim if needed, and re-leasing.
Working with your building’s owners corporation
In a Potts Point apartment, your tenant may need two approvals for some things: yours as landlord, and the owners corporation’s under the by-laws. Pets are the most common example. A landlord can refuse a pet only on set grounds and must respond within 21 days, and strata by-laws that ban all pets aren’t valid.
If you live interstate or overseas
- A maintenance spending limit, so urgent repairs aren’t held up by a time difference
- Monthly statements and inspection reports with photos
- One point of contact: Michael Murray
Managing a Sydney property from overseas
Born and raised in the Eastern Suburbs, Michael has over 22 years of specialist experience selling and managing property across Darlinghurst, Surry Hills and Sydney’s inner city. A long-standing volunteer at Bondi SLSC, he is known for honest communication and outstanding leasing results.
michaelmurray@murrayproperty.com.au
Specialises in
Property sales Property management Residential leasing Auction
Suburbs
Darlinghurst, Surry Hills, Potts Point, Eastern Suburbs & Inner City
Frequently asked questions about property management in Potts Point
Who manages rental properties in Potts Point?
Murray Property manages rental apartments in Potts Point from its office at 251 Oxford Street, Darlinghurst, about a 15-minute walk from Fitzroy Gardens. The portfolio is led by Managing Director Michael Murray, who has more than 22 years’ experience managing property across Sydney’s inner east, and Potts Point landlords deal directly with him rather than a rotating team.
What is the rental vacancy rate in Potts Point?
Potts Point’s rental vacancy rate was 1.81% in June 2026, according to HtAG Analytics, in line with the Sydney-wide rate of 1.8% recorded by SQM Research for September 2026. Sydney’s rate was 1.3% a year earlier, so tenants have more choice than they did, and pricing and presentation matter more.
What do apartments rent for in Potts Point?
Potts Point units rented for a median of $730 a week over the 12 months to June 2026, according to Cotality, and SQM Research’s median asking rent for units in the 2011 postcode was $750 in October 2026. Two-bedroom apartments ask considerably more. The rent for a specific apartment depends on its floor, light, aspect, renovation and parking, which is why Murray Property prices from recent leases in the same building and street.
What should landlords know about older Art Deco apartment buildings in Potts Point?
Many Potts Point apartment blocks are close to a century old, so plumbing, wiring, damp, windows and walk-up access need closer attention. Every NSW rental must meet the minimum housing standards, and common-property repairs are organised through the owners corporation. Fixing small problems early protects both the tenancy and the building.
Can a strata building in Potts Point ban pets?
No. In NSW, a strata by-law that bans all pets isn’t valid, and an owners corporation can only refuse a pet that would cause unreasonable interference with other residents. A landlord can refuse a pet only on the grounds set out in the law and must respond in writing within 21 days, or the pet is approved.
Do I have to tell tenants they can’t get a parking permit?
Yes. Many apartment buildings approved since the late 1990s have a condition that stops residents getting a City of Sydney residential parking permit, and owners and agents must tell prospective tenants about it. Telling tenants upfront avoids problems after the lease is signed.
Can you manage my Potts Point apartment if I live overseas?
Yes. Murray Property manages for landlords who live interstate and overseas. Owners set a maintenance spending limit so urgent repairs are handled immediately regardless of time zone, receive monthly statements and inspection reports with photos, and have Michael Murray as their single point of contact.
Can I switch property managers mid-lease in NSW?
Yes. In NSW you can change property managers at any time during a tenancy, and the tenant’s lease continues unchanged because it is an agreement between you and the tenant, not the agency. You give notice under your current management agreement, and the new agent takes over the keys, bond records, rent ledger and tenant communication. Murray Property handles the handover for Potts Point landlords who switch.
How often can rent be increased in NSW?
Under NSW’s 2024 tenancy reforms, rent can be increased once every 12 months regardless of lease type. A minimum of 60 days written notice is required. The 12-month period runs from the date of the last increase, not the date of lease renewal.
Thinking about a change of property manager, or leasing a Potts Point apartment for the first time?
Start with a free rental appraisal based on recent leases in your building.
Contact us
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Disclaimer
The data, figures, and market statistics referenced in this article were current at the time of publication and are sourced from third-party providers including CoreLogic/Cotality, Domain, realestate.com.au, HtAG Analytics, PropTrack, and NSW Fair Trading, among others. Property market data changes frequently, median prices, rental yields, vacancy rates, clearance rates, and days on market figures are updated regularly by their respective providers and may have changed since this article was published. Readers are encouraged to verify all figures directly with the cited sources before making any decisions.
This article is intended as general information only. It does not constitute financial, investment, legal, or taxation advice. The information provided does not take into account your individual circumstances, objectives, financial situation, or needs. Before making any property investment, purchase, sale, or management decision, you should seek independent advice from a qualified financial adviser, solicitor, or property professional licensed in your state.
Murray Property is a licensed real estate agency operating in NSW. We are not financial advisers. References to rental yields, capital growth, or investment returns are based on publicly available market data and historical performance, which is not a reliable indicator of future results.
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