In a surprising turn of events, Harley Reid has vacated the Innaloo rental property that was previously making headlines, but the property's landlord, Luke Shuey, remains in place. The $950-per-week pad, which had been occupied by the young footballer, is now back on the market, with Shuey continuing to manage the investment.
A Prime Location for Renters
The Innaloo property, situated in a sought-after suburb, offers modern amenities and proximity to local attractions. With three bedrooms, two bathrooms, and a double garage, it commands a premium rental price. Shuey, a seasoned property investor, acquired the home several years ago and has seen its value appreciate significantly.
Shuey's Real Estate Strategy
Luke Shuey, known for his career in Australian Rules football, has built a substantial property portfolio. He views real estate as a long-term investment and prefers to hold onto assets rather than sell. The Innaloo pad is just one of several properties he owns, and he plans to continue renting it out to reliable tenants.
Harley Reid's departure from the property was amicable, with both parties agreeing to move on. The rental market in Innaloo remains strong, with high demand for quality homes. Shuey expects to find a new tenant quickly, possibly at a slightly higher rent due to market conditions.
Market Trends in Innaloo
Innaloo has become a hotspot for renters, thanks to its proximity to the coast, shopping centres, and public transport. The median rental price in the area has been climbing steadily, and properties like Shuey's are in high demand. Real estate agents predict that the $950-per-week price point is sustainable, given the quality of the home.
For Shuey, the rental income provides a steady cash flow that supplements his post-football career earnings. He has no immediate plans to sell any of his properties, preferring to wait for capital gains over time. This strategy has served him well, and he continues to look for new investment opportunities in Perth's growing suburbs.
As the property market evolves, landlords like Shuey are adapting to changing tenant expectations. Features such as air conditioning, modern kitchens, and secure parking are now standard requirements. The Innaloo pad ticks all these boxes, making it a desirable rental for professionals and families alike.
With Harley Reid out, the property is open for inspections. Interested parties are advised to act quickly, as homes in this price range and location tend to lease within weeks. Shuey remains confident that his investment will continue to perform well, regardless of who calls it home.
