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PM_Maximising Your Investment

PROPERTY MANAGEMENT Pricing your property. How do you achieve the best balance? It’s a big question. Too low and you miss out on the best return. Too high and you miss out on valuable income and a good tenant.. Fortunately, there are a number of ways to lessen this risk. Realistically priced properties generate more enquiry. This means higher levels of interest, increased tenancy applications and a far greater chance of securing the perfect tenant and property match. The time spent researching market condition’s is invaluable here. It also helps to avoid putting any barriers in the way of potential tenants. One such barrier may be price – as many potential tenants disregard properties based on price alone. You may be promised an unrealistically high rental return from some competitor companies. These promises can result in the property staying on the market vacant for extended periods of time costing you valuable income. Remember, at around $300 per week rent, a $10 difference could take you 30 weeks to recover the cost of a week’s vacancy. Setting a realistic rental level is crucial, and this will need to be determined in conjunction with your Harcourts Property Manager. www.harcourts.com.au


PM_Maximising Your Investment
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