Posted by admin on 19 July 2010
The Residential Tenancies Authority recently released their June quarter stats and analysis by Bees Nees Research shows inner Brisbane’s rents have now remained flat for well over a year. Small drops in some suburbs shows landlords are being cautious and reducing their rents to keep their homes rented.
Bees Nees head of Property Management Annie von Rudzinski said a more balanced market had replaced the strong rental growth of 2007-2008.
“In postcode 4101 for example we have the same median rents for a 2 bed apartment that we did in September 2008 at $450 per week. The appeal of South Brisbane, West End and Highgate Hill is still very much on the rise but saving money in tougher times has drawn some tenants into cheaper areas further out.”
The RTA shows rents are flat right across Brisbane and Ms von Rudzinski believes landlords are reluctant to push for rent increases. “Rising interest rates do make some landlords nervous and that has a flow on effect. To see a drop in popular spots like Fairfield and Annerley (down $10 to $310 per week for a 2 bed apartment) suggests tenants are getting good value. A typical house in that area is still $400 per week, the same level as September 2008.”
One of the few inner city areas to see a rise in the June quarter was a $10 increase for Woolloongabba/Dutton Park apartments.
Tags: Brisbane Property Management, median rents Brisbane, Residential Tenancies Authority
Posted in Brisbane landlords, Brisbane's rental market, Highgate Hill, South Brisbane and South Bank, West End, Woolloongabba | No Comments »
Posted by admin on 24 April 2010
A surprisingly high 65% of renters take more than 3 months to find a home, according to a survey by property portal RealEstateView.com.au
General Manager Petra Sprekos said their site’s users were confirming the view that demand far exceeds supply in the rental market and that finding a rental home can prove extremely difficult.
“Most renters report that they have problems finding a home. A wait of three months to find a new home means that if you only have a lease that is 12 months in duration you would need to spend a quarter of your time looking for a new home.
RealEstateView is now Australia’s 3rd largest property portal but it’s still a largely Victorian site, so these stats don’t necessarily reflect Brisbane’s current rental market. But there is info in here for Brisbane landlords, especially on the price-sensitivity of tenants.
“The survey also found that renters knew they had to be flexible if they were to find a home with more than half willing to look in other suburbs or for homes without the features they wanted. One in ten will even look at share accommodation to find a place to rent and just under half will increase their budget.”
“It shows that renters will trade quality and location before they increase their budget.” Petra Sprekos concluded.
Tags: Brisbane home hunting, Brisbane Property Management, Brisbane real estate, Brisbane rents, RealestateView.com.au, Rent negotiation Brisbane, tenants Brisbane
Posted in Brisbane landlords, Brisbane's rental market | No Comments »
Posted by admin on 25 February 2010
We’ve just read all the news online about the new fine imposed for leaving your bin out for more than 48 hours and we don’t strongly disagree.
As residents of inner city and suburban streets of Brisbane we like a neat street. But as real estate agents we wonder – who will pay the fine?
We’ve today gone out to a property under our management to complete the exit inspection, the tenants have moved on. The tenants have done exactly what we expect them to do and left their bin out waiting for bin day. I’m not dragging it in and dragging it back tomorrow (especially on 30 homes a month) Where would agents fine time. And..Yuck!
366 comments on news.com.au clearly shows people have an opinion on this issue. As a tenant or landlord in Brisbane what would you prefer?
a) Tenant leaves bin on street and property manager pulls in within reasonable time frame
b) Council fines landlord, so bin is left inside and stays full (ooh stinky for next tenants)
We know for sure it will be landlords that will pay the fine (Council has all their records at their fingertips and nothing for the tenants) and that doesn’t seem fair.
We know it is an issue, but I think a ‘repeat offender’ system might have to be adopted. Your thoughts?
Tags: Brisbane City Council, Brisbane landlords, Brisbane Property Management, Brisbane property manager, Brisbane rental properties, Brisbane tenants, real estate agents Brisbane
Posted in Brisbane landlords, Brisbane's future & new infrastructure, Brisbane's rental market | No Comments »
Posted by admin on 12 February 2010
You should all be fully aware of the new Act we are now following since July 2009, but have you as a landlord or tenant noticed any of the changes?
One of the first things we must do, when appraising a property for rent and providing landlords with information about property management, is set a listing price and marketing campaign. Since the introduction of the new Act an agent is unable to push for rent bidding. So, if we have 5 applications that are all excellent, we cannot start asking them all for their highest offer and high-five the landlord when we get more than we really budgeted for (and more than it was really worth!).
If a tenant offers a higher figure, for example they might be in a huge rush to move or they have a pet, then we”ll take it to the landlord for their consideration, but we can’t tell the other applicants so they can erupt into a money throwing fight.
So if you want to get a tenant, quickly, with good references, and have a choice of tenants to pick from… price it right! We’ll work hard to get you the best rent possible but don’t set it too high and wait for the tenants to negotiate because they’ll just choose something else.
Tags: Brisbane Property Management, Brisbane rental appraisal, Brisbane rents, Rent negotiation Brisbane, tenant marketing Brisbane
Posted in Brisbane landlords | No Comments »
The Residential Tenancies Authority recently released their June quarter stats and analysis by Bees Nees Research shows inner Brisbane’s rents have now remained flat for well over a year. Small drops in some suburbs shows landlords are being cautious and reducing their rents to keep their homes rented.
