Our general enquiry still remains strong and our vacancy rates low as the continued sale of rental properties is forcing many long terms tenants to relocate.
This is most noticeable in the 3-4 bedroom $400- $500. per week sector where many “accidental” investors are realising their assets to owner occupiers.
Student rentals have also been leasing well with many owners achieving good increased returns for well located and well maintained housing. There is clearly some concern among the student community about the shortage of accommodation with many tenants renewing their contracts and not relocating, while others have commented about being priced out of the market .