Melton 
Each week we receive our statistics for time on market for rental properties.
For the last several weeks our average time on market for vacant properties has been sitting at 13 days, which is in line with our average before COVID restrictions begun.
With extra steps being taken for COVID safety – we are extremely happy to be back to our normal stats.
The key things to note is that seeking above the market average for rent will take longer than the average – which means that you could potentially lose several weeks worth of rent if you are chasing $20 per week more for your property.
It’s key to have your property competitively priced to get it’s maximum potential.
We often have owners ask, “won’t my cheaper property attract worse applications?” The simple answer is no, it is often quite the opposite.
If a tenant has a great rental history and good references, why would they pick a property that is move expensive than a similar property advertised for less?
Our team provides landlords with advice on a frequent basis when the property is advertised for rent. Ensure all landlords are well informed of the enquiry and feedback coming in.
Along with recommendations on what we can do to improve enquiry, if needed.
If you would like to speak with one of our Professional Rental Agents, please give our office a call on 03 9743 6400
