The way we think about finding the right amount of rent for your property is very dynamic and real-time. Every time we have a listing and we have to pick the market rent, we look specifically at the suburb that your property is in and the type of property. Often, this changes week to week, so you can have a big complex that finishes in your suburb and the vacancy rate can skyrocket or all of the stock could be absorbed.
What we tend to find is that the market rent is something which can actually vary from time to time up to 10%. So it’s not always a case of just taking the rent that you got from your previous lease.
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Contact David Laverty
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