Professionals Armidale 
Professionals Armidale property management team leased 48 properties for the month of August which consisted of 24 houses and 24 units. Our vacancy rate ranged between 1.65% – 2.2%. The average rent achieved throughout August was $410.
Professionals Armidale attended the annual NSW state awards night on Saturday 26th August and won a number of awards including Top Sales Office, Top Sales Office listings, and Top Sales Office number of transactions. Kyle Garrahy won Top Sales Agent whilst Jorjah Styles won the Property Management Values Award. Well done to our fabulous team.
“Our property management philosophy is simple –
to minimise arrears, vacancies, and expenses, and to maximise your return”
A recent article by PropTrack reveals that 28% of properties sold in NSW for the month of July were rental properties. This number has risen from 22% in July 2021 and 15% in July 2019. There are several contributing factors with the key drivers being, rising interest rates, rising property prices and increased government intervention prioritising tenants.
While it might feel counterintuitive to buy when there are so many mixed messages out there, remember the rental crisis is only worsening further, with no end in sight. The Australian population is expected to reach 40.5 million people by the year 2060. Keeping in mind that property is a long-term investment, now could be a great time to buy an investment property and enjoy high demand while trying to be a part of the rental crisis solution.
Professional Armidale Landlords Newsletter – August 2023
By Jamie Williams
Director
Head, Property Management / Investment Specialist
Professionals Armidale
M: 0481 173 322
P: 02 6772 4549
