5% is no problem at all. I don't have lower north shore but have...

5% is no problem at all. I don't have lower north shore but have had increases of above 5% in June another will go through in November and the agent has told me to go again in January/February. Don't forget you have to give 2 months notice.

There are virtually no properties left to rent at most agencies now. I would expect a turn around in property in Sydney next year when you take on board the lower interest rates, the depressed sharemarket and the high rents. Renters will move out of rental and into ownership.