October Property Market News

News / October Property Market News

October Property Market News

REIWA AWARDS NIGHT 2016

 

Corporate City is proud to announce that we have been nominated as the finalist for Small Residential Agency of the Year 2016. We would like to take this opportunity to acknowledge the support of all our owners with deep gratitude. Corporate City will strive to continue servicing our owners beyond expectations.

Corporate City would like to congratulate Tana Treleaven for being nominated as the finalist of Residential Property Manager of the Year 2016. Tana has been with Corporate City for 2 years now and will continue to service our clients with TOP service.

3 Months Free Management Fee – Referral Program

Take advantage of our referral program today, it is as easy as ABC. 

When you refer someone to Corporate City property management and they sign up for a 2 years contract (Full Fees with us), we will REWARD YOU with 3 MONTHS FREE MANAGEMENT FEES for your current property with us.

Rental Market Update

According to REIWA today, “Perth Metropolitan rental vacancy rate has reduced from 6.7% in the month of July to 6.6% in the month of August. There are a total of 10,971 properties listed for rent in Perth Metropolitan area verses 8,570 same month last year.”

Corporate City has outperformed the industry standard and managed to keep our portfolio’s vacancy rate low at 2.5% ,equilavant to only 6 properties currently vacant comparing to Perth vacancy rate of 6.6%.

Sales Market Update

According to REIWA stats, the average days to sell a property by private treaty has increased to 73 days. Although there’s a slight improvement with rental market, the sales market has not improved with the number of sales listings increased by 2% and the sales activity slowed down by 11% over the month in September.