Speaking to Realmark North Coastal Director, Jeanette Bates, she said, “Our owners are our ‘clients for life’ if they do not feel value then we are not doing our job correctly. We work with our owners to ensure they are communicated with, kept informed and know what maintenance is needed to ensure their property is delivering the best return for them now and in the future.
We know how stressful it can be owning an investment property, that is why our owners trust us with their greatest asset. They want honesty in what is needed to keep their property in the right condition for future investment or resale. Within the property management team, we annually offer our owners the opportunity for a full maintenance report on their property in between inspections, this allows the owners to have a transparent view of the property and know if they need to do a little bit of work now to save in the long term. We work through the current climate and average rental returns with them to ensure it is meeting the market expectations.
Our tag line in property management is, ‘we look after your property as if it was our own’ and that is so true. This year we have welcomed back the lovely Brooke from maternity leave, she has been with our PM team for many years and has taken on a new role as Investment Manager.
Brooke knows the full ecosystem of property and loves helping people achieve their wealth building goals through real estate, Brooke is on hand to help our new clients ensure their investments are well looked after and in the best hands for future growth and investment security.
In December, we saw Perth’s overall median rent increased the fourth month in a row rents have increased and is the highest it has been since February 2016.
In one of our core suburbs, Kallaroo we have seen rents increase by $95.00 per week which is a 20.88% increase. This may seem like a huge increase, but it is important to put this into perspective. The rental market in Perth is still on average $100 less a week than what investors were achieving back in 2013. Perth has also had the highest return on investments than any other capital city in Australia. We encourage investors to return to the market and purchase investment properties when both rental return and capital growth are increasing in parallel. We are currently in the process of working with our owners and assessing all our properties and advising our owners of the current median weekly rent expectations in their area in the current market. As we see rental stock remain low, we can expect rents to continue to increase in the near future."
“If you are looking to have your property securely managed, speak to Brooke or the dedicated team to see what we can do to help you,” added Jeanette.