Rental Market Update August 2018

Thank you for watching our Rental Market Update – August 2018

The month of August 2018 saw:

VACANCY RATE 1.66%

730 TENANT ENQUIRIES

77 OPEN HOUSE INSPECTIONS – 370 ATTENDEES

154 APPLICATIONS RECEIVED

19 PROPERTIES LEASED

AVERAGE DAYS ON MARKET: 9

$430PW AVERAGE RENT ACHIEVED

LOWEST RENT ACHIEVED: $310pw
2 BEDROOM UNIT IN LALOR
(2/68-92 McKimmies Road, Lalor)

HIGHEST RENT ACHIEVED: $1,300PW
4 BEDROOM + STUDY PRESTIGIOUS PROPERTY, WITH POOL & TENNIS COURT IN LOWER PLENTY
(8 Rosehill Road, Lower Plenty)

Our Landlord Tip for the month

Now that we are heading into spring, we encourage landlords with Air conditioning in their properties to contact their property manager to arrange a service and clean before the summer rush sets in. If your property is vacant and does not have any form of cooling, we are happy to help you obtain quotes to install if this is something you’re interested in, to make your property more desirable to potential tenants.

Thank you for watching our Monthly Rental Market Update, see you next time!