Managing Vacancy Periods

Vacancy rates have been fluctuating across different capital cities, with some areas experiencing rising vacancies and others tightening rental markets. As an owner, it’s vital to understand these trends because prolonged vacancies can significantly impact your rental income.

To minimise vacancies, consider the following

Competitive Rent Setting: Work with your property manager to ensure the rent is aligned with current market levels.

Property Presentation

Well-maintained properties attract tenants faster. Ensure routine maintenance and any necessary repairs are addressed promptly.

Responsive Management

Quick communication and support for prospective and current tenants help build good relationships and reduce turnover.

By actively managing these factors, owners can reduce vacancy periods and protect their rental income.