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September Property Management Wrap Up

October 9, 2020
by Sahar Ayubi

Watch our latest Monthly Wrap Up with Principal, Cranston Schwarz and Business Development Manager, Domenic Coniglio.

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The rental market certainly sprung in September, with the Northern Beaches proving to be incredibly resilient as always heading in to Spring/Summer seasons. Our property management activity statistics showed an average of a 50% increase across applications, enquiries, and groups through open home inspections.

No signs of decreasing rental prices due to low stock and high demand, plus an influx of those living in suburbs near the city looking to move closer to the beach in time for summer and due to more work from home practices. Landlords now more than ever have a greater variety of prospective tenants to choose from, meaning it is a super competitive market for tenants.

It’s been previously announced that COVID-19 tenancy legislations has been extended till March 2021, the major factors of the legislation are for landlords and tenants to partake in good faith negotiations and instead of 30 days it’s now a 90 day termination notice to tenants. In these times it is important to choose an experienced agency who understand the act to handle important matters of negotiations and notices so you can get the best outcome from your investment property.

If you’re thinking of leasing out your property or have questions around COVID-19 legislations, please do not hesitate to give our office a call!  – (02) 9939 5400