Landlord Update | October 2024
We hope this message finds you well. We’re excited to bring you the latest updates on our property management services and industry changes, all designed to keep you informed and protect your investment. You can watch the full update on YouTube here, where we cover key developments including new compliance requirements, market insights, and landlord insurance tips.
In this month's video, we discuss:
Leasing Activity: In October, our team successfully leased numerous properties, with many securing tenants swiftly. This high level of activity underscores the strong demand in the rental market and our unwavering commitment to delivering optimal results for our clients.
New Tenancy Laws in New South Wales: The NSW Residential Tenancies Amendment Bill 2024 has introduced updates on termination notices, rent increases, and pet permissions. These changes align with other states and enhance tenant protections, setting clearer standards for landlords and tenants alike.
Focus Areas from NSW Fair Trading: NSW Fair Trading has outlined priorities for a balanced rental market, including fair termination practices, affordable rental options, and enhanced property maintenance. This aims to foster stability and transparency across the rental sector.
Survey Feedback: We’re committed to continuously improving our services for landlords and tenants. Look out for a brief survey in your email—participants will be entered to win a $1,000 Visa gift card. Your feedback helps us enhance our service quality!
We truly value your trust in us and always strive to provide the highest level of service. If you have any questions or need further information, please don’t hesitate to get in touch.
Kind regards,
Century 21 Novocastrian
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We hope this message finds you well. We’re excited to bring you the latest updates on our property management services and industry changes, all designed to keep you informed and protect your investment.
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Leasing Activity: In August, we successfully leased 32 properties, with an average rent of $656. Properties were on the market for an average of 9.5 days, generating 1,109 inquiries, 345 inspections, and 291 applications.
Stay up to date on the latest on Property Investing and Market Trends in Newcastle and Lake Macquarie. Hosted by Nicole Hoare and Lee de Sain Looking to switch property management agencies or just starting your investment journey?