29 November 2018: Source: First National Coastal
The Sunshine Coast rental market remains tight, continuing to report lower vacancy rates than both Brisbane and the Gold Coast. This is fantastic news for Sunshine Coast landlords.
Maroochydore, Alexandra Headland and Mooloolaba are just a few of the suburbs reporting increasing median rental prices.
Population growth has been the main factor, together with supply of new housing stock.
Median Rent Prices for Maroochydore Units 2013-2018 Source: Core Logic
Our office at First National Coastal currently has zero vacant rental properties. This is due to our streamlined property letting system which enables us to tenant our rental properties faster, usually before the current tenant vacates.
We communicate regularly with our existing tenants, to ensure that if their circumstances change we have as much notice as possible, and do everything within our means to secure a new lease well before the current tenant vacates. We ensure the current tenant is happy with our proposed inspection schedule to make the change-over as smooth as possible.
We have developed and continue to nurture a database that contains more than 5,000 Sunshine Coast renters. We recieved 131 registrations for rental properties in the last month alone.
Once we create the listing for a vacant rental, we target those subscribers whose renting criteria matches the upcoming rental vacancy. Our advanced application processing system then assists us to qualify tenants more efficiently. Our systems also keep applicants updated on how their application is progressing, so they know how important they are to us.
Our property managers also conduct the open for inspections themselves, meaning all tenants are comprehensively screened and are more than just a "document".
Talk to our experienced Property Management team today on 07 5444 0800 about how we can better manage your property investment.