colinrealestate

We’ve commented previously on the demand for four bedroom executive homes, our Property Management teams have been increasingly asked for them over recent years, but this year it’s gone into overdrive in may markets!

Many families taking the rental path have had to move to find work but have chosen to rent out the original home until more prosperous times arrive to sell. Others have taken the decision to rent permanently and invest residual funds in places other than property, while some just can’t get that deposit together to buy so are renting in comfort meantime.

Coupled with this has been an increase in landlords seeking long term tenancies and offering diminishing rental rates for longer periods, This practice is regularly seen in Australia where the weekly rate for three months tenancy is discounted by quite large proportions for, say, 24 months. Mind you, the “buy out” clauses for tenants departing early are very stringent. If you are looking for a property to rent, speak with a qualified Property Manager to ensure you are fully informed of all the details and get the best deal.

Filed under: REAL ESTATE | Tagged: Real Estate