The pockets that matter
Teneriffe is small enough that a manager should know the buildings individually. The woolstore conversions along Macquarie Street and Vernon Terrace are the suburb's signature and command the strongest rents, particularly units that kept their timber, brick and ceiling height. Newer riverside apartments trade on outlook, and the difference between a river view and a car park view is worth hundreds a week. The flat land along the river carried water in 2022, so anything at ground level warrants a frank conversation with the owner about presentation, storage and insurance. The rise toward Kent Street stayed clear and holds its value in any market.