Rental Market Update
As the end of the year swiftly approaches, so does the fast paced festive season. This year feels vastly different to the past, with every day in November, so far, feeling like the ‘day before Christmas’! Open inspections are not up & running in Victoria, and as such each and every enquiry we receive needs to be treated as a private inspection which creates a more personable experience- as well as a very full diary for all involved!
This year has seen a wavering rental market; from many properties not having any enquiries for weeks, to receiving 20+ enquiries within an hour of advertising. As we all know, this market is unpredictable. While the market is well & truly heating up, we have noticed that tenants are in no hurry to sign a lease. Tenants are making sure that properties are ticking every box on their long list of wishes with the market is on their side like never before, there is so much stock on the market and tenants are shopping up a storm!
We hope to see a steady incline of the rental market in the new year, with interstate tenants starting to trickle in and international to hopefully follow soon after!