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Property Management Market Update by Karen June 2017

Hello I'm Karen Simpson and welcome to your June market update. Today we are bringing you your market update at the newly renovated playground at Stuart Park.

Today I'm going to talk to you a little bit about how to maximise your capital growth. Investing in residential property management can create wealth. Profits tend to come for those who invest for longer periods of time. While those who profit from quick buying and selling tend to be lucky. To maximise your capital growth, you need a strong economic growth in a town or a city which creates jobs, which in turn generates the demand for development. Properties that are close to public transport, shops and schools attract a higher buyer investor.

For the month of May, First National Wollongong had 816 enquiries, 69 inspections with 369 prospective tenants inspect our properties. We had 85 applications and leased 15 properties with our average rent at $445.

As we are getting close to the end of financial year, I would like to take this opportunity to ask our landlords that would like a tax depreciation done on your property to please contact your property manager so this can be done for you and also any other enquiries you may have regarding your property that you need for the end of tax time.