Landlord Update | September 2024
Compliance Updates: From 23rd March 2025, rental property toilets must have a dual flush with a minimum three-star rating under the WELS scheme to continue charging tenants for water usage. We're proactively ensuring properties meet these requirements, and your property manager will be in touch soon to assist.
Leasing Activity: In September, 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.
Landlord Insurance: Now is an ideal time to review your landlord insurance policies. It’s crucial to ensure that your property has the appropriate cover, tailored to the specific risks you want to address.
Celebrating Excellence: We’re proud to announce that our property management team has won the REINSW Award for Excellence in Residential Property Management 2024. Thank you for your continued trust and support – we couldn’t have done it without you!
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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?