If the rent for every property we owned covered the mortgage payment, we would probably be far more relaxed. But for the majority of investors this is generally not the reality. More investors than not, are relying on the weekly rent to meet payments and expenses and we understand the importance of achieving the highest possible rent.
The achievable rent on a property is no different to the sale of a property. It is determined by the condition or presentation of the property, inclusions, location and more importantly, the supply and demand of tenants at the time.
When determining the rent of a property we must take into consideration the properties on the market at the time. If the property becomes available during a period of time where there is low tenant demand and a high number of vacant properties the rent achievable can go down.
It is for this reason that it is important to know the market conditions and ensure that your investment property stands out over all others when trying to secure a tenant.
We’re delighted to introduce the first Ray White Regional Report, providing unparalleled insights into Australia’s regional residential property markets. As the nation’s leading real estate group, Ray White has an unmatched depth of data and expertise when it comes to property sales across regional Australia. This inaugural report leverages Ray … Read more
After over 20 years in the industry and various personal moves, Travis shares his top 10 tips for moving. Change your locks. Fumigation for spiders including inside the ceiling cavity Make sure you have somewhere to rest (couch) and utensils to make a coffee and some food during the un-pack … Read more