Rebel Wilson caught in landlord trap prevailing in the Sydney property front

Rebel Wilson caught in landlord trap prevailing in the Sydney property front
Rebel Wilson caught in landlord trap prevailing in the Sydney property front

Hollywood actor Rebel Wilson has been caught up in tougher leasing conditions facing many landlords across the over supplied Sydney rental market.

She had had to drop her asking rental on her recently settled off the plan Gladesville investment apartment.

The two bedroom garden Bella apartment that features a private courtyard with small lawn was put up for rent asking $660 a week last December.

Wilson will now take $595 a week. She had sought a $625 a week tenant in January but one didn't emerge. 

The number of vacant properties for rent in Sydney jumped 40% from 15,775 last January to 22,426 this year, according to recent SQM data.

Wilson bought the apartment in 2015 off the plan, paying $740,000, so the Jordan Street garden apartment would likely reflect a 4% rental yield.

The median two bedroom rental is $480 a week.

Realestate.com.au estimate the rental yield for two bedroom units was 3.5% based on 296 property rentals and 112 property sales over the last 12 months.

Wilson calls Birchgrove home when she visits.

Her last trip back over Christmas saw her busy on her property plays.

Wilson was committed to renovating her harbourside home.

She has owned the 1900s freestanding Victorian since 2014 when she paid $3.76 million for the three bedroom home.

It underwent a $900,000 renovation.

She also settled on a Balmain investment apartment in the Parkes Residence, a conversion of a historic mansion.

The New York-inspired terrace homes, which took three years to complete, sit on the fringe of Punch Park.

Wilson paid $1.88 million off the plan back in late 2015 for the two bedroom apartment.

The two level apartment spanning 150 square metres has a terrace and two balconies in the new section of the building, adjoining the heritage listed block.

Wilson moved to Hollywood in 2011 and the same year was cast as the sister of Matt Lucas' character in the hit rom com Bridesmaids.

In 2017 he spent around $3.85 million on a paparazzi proof apartment in the former Manhattan book bindery in New York's Tribeca area.

This article first appeared in The Sunday Telegraph. 

Tags: 
Celebrity News Balmain

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