August Property Management Update

We’ve seen some fantastic results over the past month with properties renting both quickly and with an immense amount of interest from prospective tenants. The local rental market is continuing to perform strongly. We’re not seeing the drop in rents that some other States are, indeed we are actually seeing a slight increase. 

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JULY STATISTICS

Properties Let – 9
Average Rent – $307.22
Applications Received – 108 (!!!)
Average Days on Market – 12

Although the Properties Let is a little down on our average, this is due to limited properties available. However, we have had an influx of tenants added to our Prospective Tenant database. These tenants receive an email and phone call from us when a property hits the market meeting their requirements. In many cases we are able to let a property to a pre-approved tenant.

We’ve also seen an increase in enquiries generated via social media, through ‘Coming Soon’ posts pre-advertising the property, as well as paid advertising. We simply need more properties to rent to these tenants!

If you have a property you are considering renting, please contact Leanne Howell on 03 6331 5544

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