Professionals Armidale 
Welcome back to the first edition of the Armidale Property Investor Newsletter for 2024.
Professionals Armidale property management team leased 43 properties for the month of January. Demand has been balanced for both units and houses with 23 houses and 20 units being leased. This month we observed a very strong average rent of $429.
Professionals Armidale vacancy rate for the month of January held steady at 2.5% for the entire month. Whilst we had another strong month of leasing, the higher vacancy rate shows that we are still seeing a high turnover of tenants, 30% of whom are relocating from Armidale mainly due to employment circumstances.
“Our property management philosophy is simple – to minimise arrears, vacancies, and expenses, and to maximise your return”
While many Australians are keen to invest in property to secure their financial future, the statistics show that most investors fail to achieve their goals. More than half of those who buy an investment property sell within the first 5 years and only around 20,000 investors have joined the 1% club who own 6 or more properties.
So, regardless of where you are on your investment journey, the Professionals Armidale team are here to help. Our team is ready to collaborate with you to create a strategic investment plan tailored to your objectives, providing enhanced results with increased focus and confidence.
Professional Armidale Landlords Newsletter – January 2024
By Jamie Williams
Director
Head, Property Management / Investment Specialist
Professionals Armidale
M: 0481 173 322
P: 02 6772 4549
