We have seen some very definite trends emerging in the marketplace from late 2019 and early 2020.
Buyers are becoming much more savvy with their purchases and what will affect their offer price.
Some of the key items they are looking at include:
- Property proximity – how close are all properties located to the office
- Average annual management income above $1,600 ex GST per property
- Management fees above 7.5% ex GST
- Low landlord to property ration
- Minimal arrears with nil move than 3-4 days
- Excellent key personnel who could move with the rent roll
Below is a quick 2-minute video explaining more on each of these key points.
If you would like to have a no-obligation discussion regarding the market, please contact businessDEPOT Agency Broking.