Should we rent it out?
The first question every future landlord asks, answered properly. Eight questions, real Sydney rents for your suburb, a straight answer and a checklist for day one. Free, five minutes, no login.
Should we rent it out?
It's the first question. Someone says it at the kitchen table, at a barbecue, in the car home from an open house. Here it is answered properly, for your property and your suburb, in about five minutes.
One question. Three doors.
Whatever brought you here, there are only three things you can do with a property you're not living in. Most people pick with a feeling. This page helps you pick with the numbers.
Keep it and rent it out
Income now, the asset keeps working, and you keep the option to come back or sell later. The question is what it earns after costs.
Sell it
Clean and final. Right when you need the money for the next step, or the numbers below don't stack up. A sales agent and your accountant own this door, not us.
Leave it empty
The quiet default when nobody decides. Strata, rates, insurance and the loan keep arriving. Almost always the most expensive door.
Let's answer it for your place.
Eight questions. The rent figure comes from recent bond lodgements in your suburb, not a guess. Change any cost to match your quotes.
Figures are a general guide built from public data and typical costs. They are not an appraisal, valuation, or tax or financial advice. The Gallery Real Estate Agency Pty Limited, licence 10103433.
What people get wrong about renting it out.
Five things worth seeing before you decide. Save them, send them to whoever you're deciding with.
Where does $1,000 a week of rent go?
A two bedroom unit at $1,000 a week, typical inner Sydney running costs, before any loan. Most of it is still yours.
Illustrative. Management fees in Sydney typically run 5 to 8% plus GST. A house has no strata and higher upkeep. Your own figures appear in the guide above.
Empty is not free.
A two bedroom unit, one year, same building either way. Rent from the inner Sydney median in the feed.
- Strata levies-$5,500
- Council and water-$3,200
- Insurance-$500
- Rent$0
- Rent, 50 weeks+$50,000
- Management and letting-$4,950
- Strata, rates, water-$8,700
- Insurance and upkeep-$2,000
Before any loan and before tax. The loan is the same in both columns, which is the point. Insurers also treat a home empty for more than 60 days differently. Check the policy.
The six year rule.
Moving out of the home you own and renting it does not have to cost you the main residence exemption.
General information about a rule in Australian tax law, not advice about your position. The dates, your other properties and how the property first earned income all matter. Raise it with an accountant before you decide.
Eight things to line up before a tenant moves in.
None of them are hard. All of them are easier the week before than the week after. The guide tailors this list to your answers.
What Redfern is renting for.
Median agreed rents from recent bond lodgements, by property type and bedrooms, plus the vacancy rate. Type a Sydney suburb.
Loading the market feed.
A boutique agency that does one thing.
The Gallery Real Estate manages residential property across inner Sydney and nothing else. No sales team to feed, no listings to chase. Just your property, a named person looking after it and the numbers to show it's working.
the rental enquiries of the market average per listing
the applications of the market average per listing
median time advertised, against a market median of 20
Google rating from the people we work with
Ignite portal data, six months to 16 September 2026, our listings against the market average.
Should we rent it out?
Five minutes with the guide, or twenty with Thomas. Either way you'll leave with a real answer.