One-bedders are in vogue |13 May 12 @ 06:00am

NORTH Sydney is the third largest home unit rental market in NSW, with 11,359 government-held bonds according to a PRDnationwide research report.

PRDnationwide research analyst Oded Reuveni-Etzioni said the one-bedroom property market was becoming increasingly popular, often outperforming rental yield compared to two-bedroom units.

Croll Real Estate principal Andrew Croll said one-bedders were attracting more visitors and investors to open houses than two-bedroom apartments.

"There is definitely more interest in one-bedders than two years ago,"; he said.

"They seem to sell quicker than two-bedroom apartments and yield about 5 per cent or greater, depending on location. If priced correctly, you can usually get offer and acceptance within a week. Rent/lease follows quickly."

Ben Boyd Real Estate principal Peter Corbett said one-bedders were popular as the most affordable homes for renters and first-home buyers. "There seem to be more young couples and single young professionals happy to live in one-bedders," he said.

Mortgage Choice spokeswoman Belinda Williamson said lenders were generally happy to lend on properties under 50sq m but those under 40sq m can be harder.