After a rollercoaster ride in 2012 which saw prices reach dizzying heights in patches, things seem to have levelled off somewhat in 2013. Although the number of rentals available remains high, prices have eased off and steadied since the boom period.
On average we’ve been consistently seeing over 100 properties advertised for rent on www.realestate.com.au since January, with 126 advertised at the beginning of August. The trend seems to be that well priced, well presented properties are attracting tenants, while landlords aiming to achieve the boom prices of 2012 are finding that their vacancy period is substantially longer.
We seem to be receiving minimal enquiry on furnished Mudgee rentals. With no new major projects in the pipeline, and prospect of Moolarben constructing their own workers’ camp for stage 2 development, landlords are beginning to store or sell furniture to ensure their properties appeal to a wider range of tenants in the hope of securing a lease agreement.
Our Professionals Mudgee Real Estate team is extremely proud to announce that our strong focus on pricing for the market, quality marketing and communication with landlords has placed us as the #1 residential rental agency in town. According to www.realestate.com.au, Professionals Mudgee Real Estate leased over 40% of available properties last month, and currently hold the greatest market share of ‘leased’ properties in the area.
If you’re looking for a new rental home, or want tips to ensure your investment property is vacant for the shortest time possible, please give our friendly Property Management team a call on 02 6372 2584.