Vacancy rates continue to decrease
Properties available for rent on the Central Coast are currently low across the board with the vacancy rate sitting at 2.2% as at March 2014, according to a report released by the Real Estate Institute of NSW (REINSW) late last month.
While not at the crisis levels being experienced in many parts of Sydney, vacancy rates on the Central Coast have been steadily declining since late last year. REINSW President Malcolm Gunning was quoted in the report as saying, “We look with interest to the direction new Premier Mike Baird will take in regard to property. His support is essential to ensure that the best and brightest remain in NSW”.
The news of low vacancy rates is positive for Central Coast investors, as it gives added security of a well-tenanted property with little to no vacancy periods, meaning an ongoing, uninterrupted income stream.
However it is difficult for tenants looking for a place to call home. With demand far outweighing supply, now could be an opportune time to consider adding to your investment property portfolio or referring our services to a friend or colleague who owns an investment property (see our Refer a Friend promotion details at the end of this announcement to see how you could be rewarded for the referral).
Influx of first time renters
We have seen an influx of first time renters entering the market in recent weeks. Most are in their late 20’s and employed on good incomes, making them sound prospects for consideration, despite the fact that they have not rented before.
Mortgage broking service now available at HSPM
We are very pleased to welcome Renee Robins from Loan Market to the Home Specialist Property Management team. Renee is a mortgage broker who brings more than 10 year’s experience in the finance sector to the table. She will be in the office twice a week to offer obligation free quotes for home loan finance to investors and tenants. Whether you’re looking to add to your investment property portfolio or simply want to find out if there’s a better home loan deal available on the market to suit your needs, Renee is here to help. We encourage you to take advantage of this free service.
On the Home front
Teamwork is one of the keys to our success at Home Specialist Property Management. For those of you who follow us on Facebook, you will often see photos or posts about our latest team social outing. Such outings are valuable opportunities to increase our already strong workplace morale, not to mention they’re also a lot of fun!
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! Follow the Refer a Friend Rewards link for all the details.