Getting the rental price right

Purchasing a property to put on the rental market can be an exciting time but that excitement can quickly turn to anxiety and stress if the property remains vacant. Let’s look at an example of the dramatic effects that extended vacancy has on your rental returns. The property you have is worth $475 per week but you want $500 per week and it takes you 4 weeks to accept that it is overpriced. You drop the price to $475 and tenants are found quickly but not before you have lost $1900 worth of income chasing a higher rent. If the tenants have only signed a 6 month lease then the effective rental return for that lease period has dropped dramatically to only $402 per week. Setting the correct r

What tenants want in a new home.

Building an investment property is becoming increasingly popular in Queensland. It is a desirable place to live and it is significantly more affordable than the Southern states of New South Wales and Victoria but a lot of investors make the mistake of not researching what tenants actually want in a rental property. If a property doesn’t tick a certain amount of boxes then the property will sit vacant and the investors returns will dramatically reduce. We’ve put together some of the things that tenants have high on their priority list. Pet friendly – With 63% of Australian households owning pets, making your property pet friendly will greatly increase its rentability. Air-conditioning – At

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