 In the current market we've seen an increase in the number of tenants wishing to end a tenancy before the end of a fixed term lease. This is often due to the tenants finalising purchase of a property to live in, a relationship breakdown, or some other change in circumstances.
In this article we discuss the misconception many tenants have around break fees, and our response to tenant requests to have the break fee waived.
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 In recent times we have seen an increase in online searches for information regarding whether a tenant is permitted to install security cameras in a rental property in NSW.
For all the of "less than clear" areas of NSW rental legislation, this particular question has actually been specifically addressed, although there are a number of conditions and a little research is required to see where!  We were very pleased to have been contacted by the Australian Financial Review to provide insight into the current rental situation outside the capital cities, as shared in this article.
 We often speak with property owners who are planning to travel and are investigating options of how to manage their home while they are away.
For significant periods of travel, some people consider actually selling the home and "starting fresh" when they return, however for most the plan is to return to the property. In the current climate, as well as temporary relocations for work placements, we are fielding enquiries from people itching to explore domestic travel given the reduction in overseas holiday options due to the impacts of COVID-19.  The current rental market across Newcastle and Lake Macquarie is running hot. We have been writing for months now about low rental vacancy rates across Newcastle and Lake Macquarie and the impacts this has on driving house prices and rents upwards.
As in basic economics, as supply decreases and demand increases, prices increase with demand. The thinking of "my property is worth what someone will pay for it", while true, can have more significant consequences. In this article we provide an overview from a property management perspective of what is happening right now for renters across the region, our frank opinion on the exploitative nature of some rental asking prices, and the impact this is having.  You might feel like you've seen it all before. Suburb profiles on a real estate agency's website. Well, probably not quite like this.
We've recently launched a suburb profiles section on our website where the focus is on what property investors want to know. And most importantly it's kept up to date! Data is updated automatically on a monthly basis. There's no "latest data as at August 2018" to be found here.  Back in September and October 2020, we highlighted data which showed Lake Macquarie East had the lowest rental vacancy rates in the entire country (as at end of Sept 2020). We also commented on research showing that people are relocating to regional areas away from capital cities, which is in turn helping to drive house price growth and lower vacancy rates in regional areas.
Now, thanks to data provided by SuburbTrends, we have a remarkable visualisation which shows - in just 30 seconds (!) - the changes in vacancy rates among capital cities and regions over the past 24 months. |
Carnelian Property Management Newcastle NSWWe are a family-owned and run Charlestown real estate agent offering expert property management across Newcastle and Lake Macquarie. Categories
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Carnelian Property Management
1A Chapman St Charlestown NSW 2290 ph: 02 4062 7458 (tenant / general enquiries) m: 0407 065 126 (investor enquiries)
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Copyright © 2021 Carnelian Property Management in Newcastle NSW | ABN 18 624 074 077. Privacy Policy | Complaint Procedure
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Carnelian Property Management
1A Chapman St Charlestown NSW 2290
ph: 02 4062 7458 (tenant / general enquiries)
m: 0407 065 126 (investor enquiries)
Submit maintenance request
Copyright © 2021 Carnelian Property Management in Newcastle NSW
ABN 18 624 074 077
Complaint Procedure
Privacy Policy
1A Chapman St Charlestown NSW 2290
ph: 02 4062 7458 (tenant / general enquiries)
m: 0407 065 126 (investor enquiries)
Submit maintenance request
Copyright © 2021 Carnelian Property Management in Newcastle NSW
ABN 18 624 074 077
Complaint Procedure
Privacy Policy