With more and more people moving to our leafy city after realising how great it really is, the property market has been tight. And according to the Domain Rental Report for the December quarter, Canberra is now the most expensive capital city to rent, surpassing Sydney for the first time in 11 years. Back in December 2013, the average rent for a house in the Canberra region was $430 per week. Fast forward to December 2018, the median weekly house rent was $560.
This time of the year there is traditionally an increase in demand for rental properties as a new wave of students and professionals move to the capital. Independent Property Management has already begun to see a large number of enquiries from potential tenants who are on the hunt for new rental accommodation.
Currently, our vacancy rate is at 0.41%. But what does this mean exactly? A vacancy rate is the percentage of rental properties out there that are vacant or empty.
So with all this competition in the air, you want to stand above everyone else and give yourself the best opportunity to secure a new home. We spoke to Property Manager Renee Bink, to find out how you can improve your chances of securing a new place. Continue reading
Tis the season of giving. But before you reach for that good old bottle of vino, box of handcrafted premium chocolate or velvety hand cream, consider a present that lasts all year long – and perhaps beyond.
The best gifts are the one’s that keep on giving – welcome additions that serve a purpose and become a much-loved practical part of the home.
With only a week to go before Christmas, these gifts will help you complete your holiday shopping without a fuss and be sure to delight the house-proud.
You may have noticed lots of new developments popping up all around Canberra. Either under construction or ready for launch, these much-anticipated developments are changing the way we live.
No, they are not James Packers newest Casino’s.
Nor more Westfield shopping centres.
They are the newly designed apartment buildings that are bringing more to the high life.
Bob lives in a beautiful rental property in Canberra’s north. He has been in the property for just over 7 months and has never had an issue. Recently, Bob spotted a teeny tiny mouse running past his kitchen bench. Shocked and a little disgusted, Bob jumped on a chair and asked himself, “who is supposed to handle this situation?”.
Just like Bob, there are many tenants who are still confused about their tenancy responsibilities— especially tenants who are new to the ACT or first-time renters who don’t know what to expect. Most of these responsibilities are common across the board, however, sometimes there are additional tasks due to the type of property or tenancy agreement terms. For example, if the house has a precious hedge that the owner adores, it may be in your rental agreement that you look after it. Or if the house has a pool, you will need to ensure it doesn’t turn green—who would want a green pool anyway?
A tenant who doesn’t meet their responsibilities risks breaching their tenancy agreement; this can result in being issued a notice to remedy or even eviction.
On the other hand, if you look after your rental properly, it will show the owner that you care about their property and will help to create a respectful relationship between you both. It will also reflect well on your rental history, so the next time you apply for a rental property, your property manager will reference that you adhered to your responsibilities as a tenant.
ACT Real Estate Institute Residential Property Manager of the Year, Renee Bink, gives us the low down of the most common responsibilities that you may not be aware of.
Strata management is just like a stage play—a lot of behind the scenes work to produce an enjoyable and seamless client experience.
While we may see them walking around the property, taking photos and talking to building managers and executive committees (ECs), many people still don’t fully understand exactly what strata managers do.
We asked Teagan Brissett, Strata Manager at Independent Property Group to share 24 hours with us to see what really happens behind the curtain.