May Property Management Update

Visual representation of statstic listed below

April saw a slight decline in the number of properties let, however conversely, we experienced a higher than average number of leases being renewed.

Easter and the School Holidays certainly had a part to play in this, with many tenants unable or unwilling to make a move during this hectic period. Locally, we are also experiencing a lack of availability from tradespeople and a product shortage from suppliers with several properties being mid-renovation.

However… we foresee lot of newly renovated and/or purchased properties hitting the rental market shortly, and a number of tenants of the move already.

APRIL STATISTICS

Properties Let  & Renewed – 33
Average Rent – $340
Applications Received – 57
Average Days on Market – 11.4

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