We have seen an increase in the number of new build properties available for rent in some suburbs.  The market has been flooded, and therefore less tenants are registering for viewings as they have so much to choose from, and are able to pick their preference.

There has been an increase in tenants ‘upgrading’ their rental and choosing to apply for the newer properties vs. the older ones.  As a result, rental prices continue to remain competitive to attract good   applications and avoid long vacancies.

STATISTICS FOR AUGUST

Northside:  Total of 25 properties leased

Southside: Total of 16 properties leased

Office Vacancy Rate:  2.69%