Absolute soars high as Vacancy rates dip low
We’ve achieved one of our lowest vacancy rates ever! We now have a vacancy rate of 2.86% for the June quarter. With the Darwin average at 6.3% you can say that we’re well below (above) average!
Our properties are vacant for nearly 3 weeks less than the Darwin average. That’s nearly 3 more weeks of rent in our owners back pockets. As the average The Darwin weekly median rent is around $550 per week that is nearly $1,500 more to our owners than the Darwin average.
Basically, we need more properties to let. Roy is our leasing manager, a dedicated person to lease your property (click here to find out more about Roy), and he doesn’t have a lot to do at the moment, as he’s let most of our properties. And if we were to look into our crystal ball, low vacancy, can be an early indicator of a recovering housing market. We’d like to think that we’re seeing an increase in demand for rental properties in Darwin. And an increase in demand can signal an increase rental prices might not be too far away, after enduring a period of rental price cuts.
Please contact us today so we can keep Roy busy and keep nearly $1,500 more in your pocket.