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Property management update – March 2016

Property management update – March 2016

7Movements in the rental market have been a hot topic over the past year, and from what we’re seeing, it appears the rental market has stabilised.

Rent prices have settled at around $350-$360 for a good one bedroom apartment, and on average $400-$500 for a good two bedroom apartment – depending on the number of bathrooms and car bays.

We’ve had a great success in leasing over the past six months, securing 262 tenants in properties.

This month we’re already on our way to a record month, with a low vacancy rate of 4.9 per cent, well below the average rate in Western Australia of 6 per cent – given that a significant proportion of our own rental portfolio is comprised of inner-city and near-city apartments.

These properties are generally new complexes with many features that tenants desire, such as security, common amenities such as a gym and pool, and a great location – when look at these properties alone our vacancy rate is just 3.3%!

With more of these great developments soon coming to completion, we’re looking forward to a great year of bringing new clients on board and helping our property owners!

If you’d like to find out more about our property management processes and how we find you a suitable tenant to maximise your returns, complete the enquiry form below or contact us on +61 8 9429 5777 and ask to speak to Rebecca Thomas, Head of Property Management.

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