We provide expert property management in Newcastle and Lake Macquarie. Based in Charlestown NSW, we have been delighting property investors with our personal, professional service since 2011. If you find this article helpful or enjoyable, please subscribe or share it with someone else who may benefit.
We all know 2020 has been a wild ride. We're all looking forward to a well deserved break with family and friends over the Christmas period to take stock of what has truly been an extraordinary year.
If you're thinking of listing your property for rent some time in the near future, now is the right time to start a conversation with a property manager to make sure you list sooner rather than later.
Here are our top 5 reasons to list your rental property before Christmas.
5 Reasons To List Your Rental Property Before Christmas
1. Interest In Regional Areas Is Very High
In the wake of COVID-19, tenants are relocating to regional areas in massive numbers. While vacancy rates in capital cities such as Sydney remain high, the Newcastle and Lake Macquarie market is very tight for tenants. There has been a significant spike in interest in rental listings since around mid-year, and this is showing no signs of slowing.
2. Rental Returns Are High
The increased demand and tight supply to the rental market in Newcastle and Lake Macquarie has lead to increases in asking rents. While it is unlikely the current surges in rental pricing will subside in the near future, the reality is right now there are record rents being set for many properties and the interest is there to fill vacancies quickly.
3. Relocations In Advance of The New Year
Regardless of the impacts of COVID-19 and regional migration, the tail end of the year traditionally sees a lot of seasonal relocation. Many employees are relocated for work or commence new jobs in the new year, while families often relocate at this time to settle into a new location in preparation for the start of the new school year.
4. Tenants Look Forward To A Break At Christmas Too!
The closer we get to Christmas, the fewer the number of people looking to pack the removalist truck and relocate. Of course, those who absolutely must move can not pause their requirements simply because of the date on the calendar, however remember that tenants want to spend time with family and friends, and take a break at this time of year also.
5. Interest Doesn't Immediately Return On January 1
Finally, while we understand the wish for a break over Christmas, the world (outside our office of course!) often tends to remain in holiday mode for some weeks into the new year as well. Many people are still spending some time washing off the suncream, removing the sand from their cars, and mentally getting back "in gear" for another year, rather than planning a relocation.
It's always wise to beat this sleepy phase and fill your rental property before Christmas if possible.
With record high interest in the region, increased asking rents, and seasonal relocations in the mix, now is the ideal time to list your rental property to market.
If you're thinking of listing your Newcastle or Lake Macquarie rental property, contact us now and we can help you wrap it in a bow before Christmas! 🎀
We provide expert property management in Newcastle and Lake Macquarie. Based in Charlestown NSW, we have been delighting property investors with our personal, professional service since 2011. If you found this article helpful or enjoyable, please subscribe or share it with someone else who may benefit.
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.