Blog

How's the Investment Market in Broome?

If the last quarter of 2017 is anything to go by then we are looking forward to a very positive 2018.

Our leasing team leased 70 properties from the 1st October through to mid December 2017. Well-presented properties were in high demand with some having multiple applications. Compared to the same time last year the vacancy rate has now halved with the days on market also significantly reduced. We say these are all strong indicators that 2018 is going to be very positive for the rental market.  
 
It is heartening to see more and more tenants choosing to renew their leases. Although landlords are our clients, we aim to treat tenants as respected stakeholders in the entire process as well. High quality service minimises the high turnover of tenants who move because they felt the owner was being unreasonable or property managers not responding to issues appropriately.

If you are on the hunt for a new place to rent, you will already be aware competition for properties is getting stronger. Supply is tightening up and driving stronger competition, many families want to be settled in before the new school year begins. If you are looking to move we invite you to register your details with us so we can let you know about suitable properties before they hit the open market.
 
Investors we urge you to reach out to us if you are keen to expand (or start) a property portfolio. The tenant stability we are experiencing gives us the capacity to take on more managements. This comes at the right time when we have potential tenants looking to move in time for the new school year. If you would like to know more about the difference in our Property Management services we are happy to discuss this with you in person. Please contact Charmaine Snow (Department Manager) who has over 18 years' experience with our Agency. Charmaine will be able to provide you with a Rental Assessment along with our fees and charges.
 
Many of our staff are working throughout the Christmas and New Year period. If a property is vacant we will continue to run private inspections. Given the numbers of tenants looking for a home to rent it’s a great time for landlords to launch their property on to the market. If you would like to discuss this opportunity in more detail, please email us by clicking here