Qu News - Issue #3

It’s been business as usual over the holiday period allowing my team to conduct open and private inspections resulting in 27 new tenants being secured prior to the end of the year. Across our rent roll, the average rental price secured over this period surpassed the average market rent by 14%.

Prices have been upheld over 2020 by way of tenancy renewal and new letting. On whole, approximately 3% of leases renewed were reduced, 97% of leases renewed had prices either retained or increased by $10 to $80 per week. As for properties with newly secured tenants, around 70% of these were leased anywhere from$10 to $100 per week higher than previous rents.

With residents spending more time at home than ever before tenant communication and maintenance requests are at an all-time high. Expectations of turnaround times are higher, and our investors have been fantastic in accommodating such expectations. Understanding what's important to both our current tenants and prospective tenants assist us in achieving shorter vacancy periods and managing our client's investments with a dedicated and personal approach.

I'm thrilled to enter a new year of new challenges and possibilities.

Insurance:

This is the final year for investors in QLD to upgrade their Smoke Alarms as per the QLD Legislation. It will be one of our main focuses in 2021 to ensure every property has been upgraded and is compliant. If your investment property has not been upgraded yet, the team will ensure to be in touch. 

For more information visit - https://www.qfes.qld.gov.au 

Innovation:

Despite the COVID-19 three-day lockdown here in Brisbane, we have put our tools to the test securing signed lease agreements via docu-sign and conducting virtual open homes and inspections. The market doesn't slack off due to covid, nor should we!