Rental Market Update for Darwin
We've had a strong start to 2018 in the Darwin Rentals Market
We’ve had a strong start to the year and we are continuing to work hard for our Landlords to manage their properties with the best outcomes.
How quickly do properties rent?
We’re often asked “how fast are properties renting?” Our vacancy time is 5.8 days faster than average, which is just fantastic!
How many days on the market?
We’re consistently performing better than the market average in this regard. The days on market we are currently sitting at 31 days and the average is 44 for the current market.
How many vacant properties do we have?
We’re currently sitting at just a7% vacancy rate for our properties in Darwin. We are also proud that all of our stats have even improved since 2017 where they were really strong.
What’s happening in the market at present?
At the moment there are currently more properties in the market that are available, but also more people looking fore a new rental. The net result of this activity is it helps to drive down the vacancy time of a property before being rented.
If you are a Landlord and you’d like to find out more about our Property Management team and what sets us apart, give us a call on +61889306600