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Stay updated with valuable insights, landlord resources, market trends, and industry updates from The Gallery Real Estate.

November Property Market Update 2023

November Property Market Update 2023

National residential rental vacancy rates continue to fall, with October experiencing a 1.0% vacancy, tightening the rental crisis across most capital cities and regional areas. Over the past 30 days, national rental values increased by a combined 1.6%, while combined capital city and national sales asking prices remained steady.

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Maximising Rental Returns: Strategies for Australian Property Investors

Maximising Rental Returns: Strategies for Australian Property Investors

As a property investor in Australia, your primary goal is often to maximise the rental returns on your investments. Achieving this doesn't just involve setting the highest possible rent; it's a nuanced approach that balances market trends, property presentation, and tenant satisfaction. Here are some strategies to help you boost your rental income effectively.

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Preparing Your Sydney Investment Property for Summer with The Gallery Real Estate

Preparing Your Sydney Investment Property for Summer with The Gallery Real Estate

As summer approaches in Sydney, it's time for landlords to get their investment properties ready for the warmer months. With temperatures rising and tenants looking to stay comfortable, a well-prepared property can make all the difference. Here are some essential tips to ensure your rental property is summer-ready.

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Thomas Tamine advises NRL Penrith Panthers, State of Origin star Jarome Luai to buy trophy home in South Penrith.

Thomas Tamine advises NRL Penrith Panthers, State of Origin star Jarome Luai to buy trophy home in South Penrith.

“Luai’s purchase was advised by boutique estate agent Thomas Tamine, who every now and then works in a buyer’s agency role for NRL players. Mr Tamine recently helped Rabbitohs player Cody Walker buy in Sans Souci. It prompted a grateful Luai to label Mr Tamine “the goat” (greatest of all time).” As seen in:

The Daily Telegraph

News.com.au

Daily Mail

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August Property Market Update 2023
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August Property Market Update 2023

National rental vacancy rates remained steady at 1.3% in July, national rental asking prices increased by 1.9% for houses and 1.4% for units. National total property listings for sale rose in the last 30 days by 2%.

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July Property Market Update 2023
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July Property Market Update 2023

Rental vacancy rates experienced an increase to 1.3% in June from 1.2% in May. Across the past 30 days to 4 August 2023 national rental asking prices remained steady, and property prices increased by 1.4%. The number of listings decreased by 4.4% significantly more than the historical seasonal average.

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June Property Market Update 2023
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June Property Market Update 2023

Vacancy rates remain steady at 1.2%, National rental asking prices increase marginally by 0.45% over the past 30 days, and property prices decrease by 2%.

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May Property Market Update 2023
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May Property Market Update 2023

SQM Research has revealed national residential property rental vacancy rates continued to rise to 1.2% in April 2023, marking the third consecutive monthly rise. Across the past 30 days, national asking rents increased by 0.2%, and national vendor asking prices recorded a second consecutive monthly rise at 2.1%

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April Property Market Update 2023
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April Property Market Update 2023

The national residential vacancy rate rose slightly to 1.1% in March from 1.0% recorded in February. Across the capital cities, there has been an increase in vacancies in Brisbane, Perth, and Hobart, while Sydney and Melbourne remained steady. Asking rents have risen across most regional and capital cities, with a decrease seen only in Sydney, Canberra, and Hobart. Over the past 30 days to 2 May 2023, vendor asking prices rose by a combined 0.2% nationally, for the second consecutive monthly rise.

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March Property Market Update 2023
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March Property Market Update 2023

SQM Research reported that the nationwide residential rental vacancy rate remained unchanged in February at 1.0% while the number of rental vacancies in Australia slightly increased by 448 dwellings. Over the past 30 days, national asking rents have remained steady with a 0% rise for houses and decreased by -0.4% for units. Residential property listing prices fell by -1.3% nationally over the past 30 days, however, in capital cities the asking price rose by 1.3%

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February Property Market Update 2023
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February Property Market Update 2023

The national vacancy rate decreased in January, back to 1.0% after the seasonal rise recorded in December. Overall capital city rents rose by 2.4%, with Melbourne experiencing the highest increase at 2.7%, while Hobart and Canberra decreased by 2.9% and 1.3% respectively.

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January Property Market Update 2023
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January Property Market Update 2023

The national vacancy rate increased to 1.3% in December, which has been attributed to seasonal factors by SQM Research, with a warning still in place for extremely tight rental market conditions in January and February. National weekly asking prices have increased by 1.1% over the past 30 days (16 January 2023).

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