Recent figures show that Adelaide remains the tightest rental market with an average of 1.2% vacancy in August, dropping from an already low 1.5% as at June this year.
Compared to Melbourne which recorded a vacancy rate of 1.6 % and Sydney vacancy rate which has risen to 2.8% from 2.5% in May.
At RMC Real Estate, our current vacancy rate is at 1.1 % – just under the industry standard.
We are often told by prospective tenants that are looking at securing a property, that they are given very limited times to inspect the properties. At RMC we are flexible with our viewing times and offer after hours and weekend times to fit in with peoples schedules.
Prospective tenants also can experience a delay in Agents responding to their applications. Our team will respond immediately to all applications to ensure the Landlords always have the best selection of tenants.
A brilliant result for the RMC Team this month, was for the property at 34 Barker Ave, Findon- a 3 bedroom character home renovated and presented to an immaculate standard offering additional accommodation with a “granny flat” at the rear of the property. The property was on the market for a short period of time where over 85 groups attended and we received multiple applications. By having the choice of quality applicants, our Landlords were able to ensure that the very best tenants were secured, to best protect their investment.
We believe that Adelaide remains are strong, stable and affordable market to invest in, compared to the high fluctuations experienced in particular in the Eastern states.
If you would like any more info on the current state of the Adelaide market or would like information on our services, contact Elinore today on 0402 148 373.