Market showing signs of improvement says Airey Real Estate

Market showing signs of improvement says Airey Real Estate
Market showing signs of improvement says Airey Real Estate

Airey Real Estate head of property management Alison Ruland feels the market is showing signs of improvement.

“Rents have fallen, on average, about 20 per cent over the last three years, but have stabilised recently, with some increases being seen in more popular areas,” she said.

“January was a strong month and we leased 30 properties, however February was average and March to date has been quiet.

“We expect demand to fluctuate over the next few months, but there is a noticeable shortage of homes for rent.”

Ms Ruland said the Claremont-based agency has seen increasing demand for family homes, as well as high-quality apartments, near schools and transport.

“We see a broad mix of tenant types such as singles, students, professional couples, families and corporate and executive leasing,” she said.

“Location is very important, such as proximity to schools and transport.

“There has been an increase in demand for rentals in Claremont, Nedlands and City Beach has become popular.”

When it comes to property features, Ms Ruland said tenants were looking for homes that were in exceptionally good condition, with well-maintained gardens.

“Airconditioning is generally essential,” she said. n