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Property Management Update

•By Therese Bolin
Demand for rental properties in the area continues to be exceptionally high, and stock levels remain much lower than averages over the past 2 years. During June we leased 26 properties, with many properties leased to quality tenants in just a few days.
Vacancy rates continue to drop each month. In the Hornsby LGA, which includes Waitara, Hornsby & Asquith, the vacancy rate for April was 2.1%, May was 1.5%, and June will sit around 1.35%. The vacancy rate for the Ku-ring-gai LGA is currently sitting at 1.18%.
For Property Management advice, please contact our Heads of Property Management, Lorraine on 0498 152 630 or Luke on 0481 231 908.
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