Demand continues to outweigh supply
With 203 new tenant enquiries resulting in 27 rental property inspections in the last month through our office, it’s clear demand for rental properties continues to outweigh supply of properties available to rent on the Central Coast. This situation is not only typical for the cooler months of the year when tenants traditionally choose to stay put in their homes, but also typifies the situation across the board in NSW.
Despite the low vacancy rates however, we are pleased to report that we have helped 15 tenants find new homes in the past month, with properties being leased within just 13 days or less of advertising and 3 properties leased before the existing tenants had vacated. This is good news for our landlords, as minimal vacancy periods equal a steady income stream with little to no disruption. The suburbs in which we commenced new tenancies and conducted tenancy inspections during the past month were Kariong, Gosford and Terrigal within Gosford City LGA and Woongarrah within Wyong Shire LGA.
Take advantage of our free in-house mortgage broking service
Last month we announced the addition of a free in-house mortgage broking service thanks to the arrival of Renee Robins from Loan Market to the Home Specialist Property Management team. Renee is now in the office twice a week to offer obligation free quotes for home loan finance to property investors seeking to switch their current lending arrangements, add to their investment property portfolios or buy a new home.
Please feel free to take advantage of this free service.
On the Home front
We held our quarterly team social last month and this time opted to take in a Gold Class Movie, which was a lot of fun. People often remark on the happy, friendly yet professional vibe in our office. Our social get-togethers are one of the keys to our success as a professional team as they provide us with a great way to bond and get to know one another away from the office. We often post photos of our social get-togethers on our Facebook page (as well as a host of interesting property investment information including links to articles of interest and local investment property market facts and figures). Be sure to connect with us to stay in the know.
Refer a friend & receive our service FREE of charge for 3 months!
Don’t forget to do yourself and a friend a favour by referring them to us for their property management needs. If they sign their property over to us, we will reward YOU with our property management service FREE of charge for a full 3 months! Click on the link for all the details.