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.
Carnelian Property Management Newcastle NSW
We are a family-owned and run Charlestown real estate agent offering expert property management across Newcastle and Lake Macquarie.