There is a First Time for Everything...

Thursday 24 Sep 2020

Our property management department needs your help, please. We have no rental stock!
 
This is the first time in my 30 year career that we have no stock to offer prospective tenants. Enquiry is excellent, so we have prospective tenants on our database waiting for a new property to be listed, that suits their criteria or needs.

Why do we have no stock?
1.    People locally are choosing not to move house, if possible
2.    We are seeing people from city areas relocating to Coffs to remove themselves & their families from the impact Covid has had on their lifestyles & work situations
3.    The ability for some people to work from home gives them the freedom to choose where they would prefer to live. Who wouldn't want to call the beautiful Coffs Coast home!
4.    Affordability... rental prices are certainly increasing, but remain significantly lower than prices paid in city areas.

Our arrears are also at an all-time low... thanks partially to the government Covid payments received by those impacted by the pandemic but also people are not spending money as they would have, pre–Covid.
 
These “unprecedented times” have not been all bad. It’s been very good for our local property investors. However we do need to acknowledge it is very difficult for prospective tenants needing to find accommodation. Do you have an investment property available? If so we would love to hear from you.