Rental Update

Demand for rental properties has remained strong and we expect it to peak over January and February when people return from their Yuletide frolics and start buying new uniforms for the kids and looking for rental properties close to the kids’ new schools.

Four and five bedroom houses are the most sought after properties currently, especially anything with a pool. In expectation of what looks like being our busiest summer on record, given continuing low supply and strong demand in the rental market, we are already listing for next year.

So, if you have a rental property, let Abercromby’s pre-empt the market surge and have it leased for you in December, thereby taking the worry out of Christmas. For landlords, it’s worth remembering that with the pending legislation in Victoria pets will be allowed in rental properties unless there are exceptional circumstances that will need to be determined by VCAT.