There has been a bit of talk recently about the current state of the Canberra rental market, with some people concerned there aren’t enough tenants looking for homes. And at first glance, the ACT vacancy rate seems to reflect this – at the end of October it was sitting at 4.2%. We’ve seen property managers scramble to find a justification for these figures, pointing to government cutbacks, a lack of tenants or an oversupplied market… but if you really want to find out what’s going on, you need to look at the standard service offered by most property managers and understand how it stacks up against industry best practice.
We spoke with Norm Honey, Managing Director of Independent Property Management to get his thoughts on the matter, and he believes there are actually plenty of Canberrans who are looking for rental properties; it’s just a matter of finding them. “We currently manage over 3000 homes and our vacancy rate at the start of November was only 0.85%, which is a big difference compared to the ACT average. The reason is most property managers in the ACT, and in the real estate industry in general, have to do everything themselves.”
With the recent scandal surrounding drones, nudity and sunbaking neighbours in Melbourne, we thought it might be a good time to talk about the importance of professional photography when selling your home.
In a marketing campaign, professional photography helps you to put your best foot forward. It’s really all about making a great first impression.
A recent report from the Domain Group and Nielsen has revealed that Canberrans are some of the most neighbourly people in Australia. Only 15% of the people surveyed in the ACT said they’d quarrelled with their neighbours in the past 5 years, compared with 18% in Victoria and 22% in New South Wales.
The report also revealed what annoys people most about their neighbours. Unsurprisingly, loud music and parties are by far the two most common complaints, with yapping or barking dogs coming in a close third. And it seems like a lot people suffer from Gladys Kravitz Syndrome, with gossipy and nosy neighbours also featuring high on the list.
Did you ever watch that old Disney cartoon from the 80s called Duck Tales (woo oo)? In it, Scrooge McDuck, when he’s not busy hunting for treasure or fighting the Beagle Boys, likes to unwind by going for a swim in his giant pool of money. His money was always so shiny, and you could tell he must have been polishing it every chance he got.
Most of us don’t have a pool full of money or a case filled with gold bars, but most Australians still have one really valuable asset, our homes. And just like Scrooge McDuck, you want to make it shine, and that means making sure your prized possession always looks its best, so it keeps and even increases its value. To help you do that we’ve created a free 20 page resource called Maintaining & Preparing Your Home for Profit, which contains a lot of really valuable information you can use.