For this week, we’d like to welcome a special guest blogger – Lee Buoy from Melbourne Real Estate as she shares her insights on Melbourne’s Vacancy Rates For Investment Properties.
Melbourne Real Estate strives to continually improve and develop our services. Reaching out to our landlords and getting to know their greatest concerns and needs regarding their investment property is one of the most valuable ways for us to gain feedback.
You can see the most common responses to 3 key questions in our recent landlord survey in the charts below:
· What do you value most in a property manager?
· What are your fears, frustrations, and anxieties (if any) in relation to your investment property?
· What are your wants, needs, and hopes (if any) in relation to your investment property?
Ranked as a top concern for landlords is VACANCY, closely followed by the want for their investment property to have NO VACANCY.
This feedback is more than just a reflection of the concerns experienced by Melbourne Real Estate’s clients, it is a sentiment felt by almost anyone who owns an investment property.
At Melbourne Real Estate, our vacancy rates have outperformed the market on a consistent basis. Whilst I can’t predict the future, I can assure you we have no plans on slowing down.
The Real Estate Institute of Victoria (REIV) has released their latest stats, suggesting vacancy rate for inner city Melbourne have fluctuated between 1.8% – 2.1% for the past year (2019). Throughout 2019, MRE has maintained an average vacancy rate of 0.82%, never exceeding 1.09%. Considering the number of properties we manage (3521), we’re pretty stoked with these figures!
Supporting article relating to vacancy rates from domain.com.au can be found here: https://www.domain.com.au/advice/domain-rental-vacancy-rate-january-2019-799465/
Comprehensive analytics and research
Endorphin Wealth Management invests a great deal of time and effort researching the best investment strategies for our clients. We have developed a number of systems to manage and track the marketplace.
The investment landscape always evolves and it is more important than ever to consider your investments and carefully. We pride ourselves on being experts in researching opportunities, investments, and strategies that fit in with your goals. We want our clients to get on with enjoying their life rather than worrying about money.