Old Toongabbie Area Rental Market Update

old toongabbie rental property market

You need to stay competitive!

The rental mar­ket is def­in­itely still chal­len­ging in our mar­ket­place at the moment. There is a large amount of prop­er­ties for rent in the local vicin­ity and whilst we are in most cases get­ting groups attend­ing our open homes we are only receiv­ing min­imal applic­a­tions due to the choice ten­ants have, so it is very import­ant to ensure your prop­erty is presen­ted well and priced accord­ingly to the cur­rent mar­ket con­di­tions to avoid hav­ing a vacant prop­erty over the hol­i­day period.

Com­ing into Decem­ber our team will be work­ing extremely hard to find good ten­ants for all our vacant prop­er­ties, and whilst we under­stand that vacancy peri­ods are fin­an­cially very hard on our Prop­erty Investors please don’t give into the tempta­tion of accept­ing a sub stand­ard ten­ant who long term will give you more headaches.

Sales Mar­ket

The Rental Market

What we are see­ing in the mar­ket at the moment is a large sup­ply of apart­ments com­ing onto the mar­ket in Toongab­bie, Pendle Hill, Wentworthville and espe­cially Par­ra­matta. So much so buy­ers are strug­gling to get fin­ance and developers are dump­ing unit sites back on the market.

With the recent price boom what we are wit­ness­ing is that apart­ment prices are grown much slower than houses. All of this pushes rents down as renters have a smor­gas­bord of new apart­ments to choose from.

properties rented in constitution hill

The Storms Are Coming.….…

Another import­ant reminder as we head towards the end of another year and into sum­mer which is renowned for storm activ­ity this may be a good oppor­tun­ity for you to review the insur­ance you have on your invest­ment prop­erty as past Sum­mers have shown and with the ever increas­ing extreme weather con­di­tions we have faced in the past it is import­ant to ensure you are adequately covered for all scenarios.

About 

Jhai is an award win­ning Inter­net Mar­ket­ing Real Estate Agent for Eld­ers Toongab­bie and Kings Langley. After run­ning his own inter­net mar­ket­ing busi­ness he has now set his own sites for the real estate industry. He observed that 90% of real estate agents did not know how to mar­ket them­selves online. Jhai is now fixed on one goal. To teach real estate agents that they can mar­ket online so much bet­ter than they cur­rently are.

Since then he has been con­sist­ently quoted in the Sydney Morn­ing Her­ald and Real Estate Busi­ness online. He is a reg­u­lar guest blog­ger on TheHomePage.com.au, shar­ing his expert­ise of mar­ket­ing aspects for the Real Estate Industry. His biggest pas­sions are his wife, mar­tial arts, dogs and most of all property.

seven hills real estate agent NSW
Cnr Federal Road Prospect Highway Seven Hills NSW 2147 Australia