My latest IP is nearly complete, so I decided to get it listed prior to completion as I expected to have difficulty finding a suitable tenant.
Mid year is traditionally a slow time for the rental market, in my experience. Also, I thought the FHB boost would take some pressure off the rental market. Also, the D&G in the media regarding rising unemployment etc had me a little concerned.
Imagine my suprise when, within an hour of the property being listed on RE.COM the enquiries started rolling in. That first evening, I showed 4 lots through. Not bad considering the first open was 4 hours after it listed.
Last night I showed 8 couples through and have more scheduled for the weekend.
Some of them are great prospects and are actively competing for the property. One of them even called me after the open to "dob in" some other propsective tenants as smokers. She thought I should know in case I didn't want smokers in the place. Got to admire that bit of creativity.
I'm sharing this only because it shows that the D&G isn't everywhere, if it exists at all. There are still markets within markets and some (maybe many) of them are quite buoyant.
Mid year is traditionally a slow time for the rental market, in my experience. Also, I thought the FHB boost would take some pressure off the rental market. Also, the D&G in the media regarding rising unemployment etc had me a little concerned.
Imagine my suprise when, within an hour of the property being listed on RE.COM the enquiries started rolling in. That first evening, I showed 4 lots through. Not bad considering the first open was 4 hours after it listed.
Last night I showed 8 couples through and have more scheduled for the weekend.
Some of them are great prospects and are actively competing for the property. One of them even called me after the open to "dob in" some other propsective tenants as smokers. She thought I should know in case I didn't want smokers in the place. Got to admire that bit of creativity.
I'm sharing this only because it shows that the D&G isn't everywhere, if it exists at all. There are still markets within markets and some (maybe many) of them are quite buoyant.