A L L A N R E N T A L N E W S
What a great year it has been for our Allan Real Estate Property Management team
We are delighted to be finalists in the Property Management Agency of the year, for the REISA industry awards this year. We are very proud of these achievements and consider the people that make up our team of property managers, are some of the best in the state.
2024 will be known as a year of continued rent price increases, massive shortage of rental accommodation and the year that state government introduced new changes to our legislation into the industry - most of it which our Agency had already adopted as best practice and the morally correct thing to do, although some of the new rental laws are onerous and limiting to Landlords All in all, these legislative changes reinforces the reason why it’s best to engage a quality property manager in the first place!
Adelaide is the only city where rental growth has increased - House rents continue a record-breaking stretch of quarterly growth, rising for the 16th successive quarter to a new average high of $595 per week. Despite the continual rise, the pace has shifted significantly, rising only slightly compared to last year’s massive increase in rent prices.
Unit/Apartment rents in Adelaide have bucked the national trend, seeing a reacceleration to rise almost twice as fast as the previous quarter. Adelaide showed the largest quarterly growth of the capital cities and is the only city to see the pace of unit gains rise compared to the previous quarter. This showcases how the supply-demand imbalance is still placing pressure on rents, with Adelaide now being the second most affordable city in which to rent a unit after outpacing the growth of Hobart.
Adelaide’s vacancy rate is now at its highest point since October 2021, however it remains firmly a landlords’ market at only 0 5% of all rental properties available to potential tenants
Wayne Chadwick Director
R E F E R R A L S
The best way clients learn about our services is word of mouth. We would love to thank anyone that sends a client our way and lists a house for rent or sale with Allan Real Estate. It’s as easy as mentioning our name to your family or friends and if they list their home with us a gift card is on the way to you!
F E E D B A C K
We appreciate any new ideas or feedback to help us continue to grow and improve. Any reviews, personal experiences or suggestions please email to Nanette at nanette@allanre.com.au. We would love to hear what we are doing right, but if you think we can improve in certain areas, please also take a minute to let us know.
“We decided to use Allan Real Estate to manage our rental property due to a friend highly recommending them. We have been really happy with their communication, easy to use systems, and pricing.” - Lachlan
“Outstanding customer service and focussed on achieving the best outcomes for their clients. Extremely knowledgeable staff and would highly recommend!” - Corinna
“I can't express enough gratitude for the exceptional service provided by the team at Allan Real Estate ” - Claire
Spring has arrived, bringing longer days, warmer weather, and a perfect opportunity to refresh your rental properties. As the season of renewal, spring offers the ideal time to conduct essential maintenance to ensure your investment is in top condition. Proactive upkeep not only enhances your property’s appeal to current and prospective tenants but also helps prevent costly repairs down the line Here are key maintenance tasks to consider this season:
Garden and Outdoor Areas Refresh: After winter, outdoor spaces often require attention to restore their appeal. A tidy and well-maintained garden or courtyard can significantly boost your property’s curb appeal and increase tenant satisfaction.
Pruning and Trimming: Trim overgrown trees, bushes, and hedges to promote healthy growth and maintain a neat appearance
Lawn Care: Mow the lawn, reseed any bare patches, and apply fertilizer to encourage lush, green grass.
Weeding and Mulching: Remove weeds from garden beds and add fresh mulch to retain moisture and reduce future weed growth
Outdoor Furniture and Fixtures: Check outdoor furniture, fences, and gates for signs of wear or damage and make necessary repairs or replacements.
Gutter and Roof Maintenance: Winter storms often leave debris in gutters and downpipes, potentially causing blockages and water damage. Spring is the perfect time to address these issues before they escalate.
Clean Gutters and Downpipes: Clear leaves, twigs, and debris from gutters to ensure proper drainage
Inspect the Roof: Check for any loose or damaged tiles, shingles, or flashing that may cause leaks. Early repairs can prevent significant future expenses.
Check for Water Damage: Look for water stains or dampness on ceilings and walls, which may indicate a leak needing immediate attention
Air Conditioning Servicing: With warmer days ahead, tenants will soon rely on air conditioning to stay comfortable. Spring is the ideal time to ensure your cooling systems are running efficiently.
Inspect Ducts and Vents: Ensure all ducts and vents are free from dust and debris, which improves air quality and energy efficiency.
Check Fans and Exhaust Systems: Make sure ceiling fans, exhaust fans, and range hoods are clean and working properly to maintain comfort and ventilation
Spring property maintenance is essential to preserving your investment and keeping tenants happy Contact your Property Manager and we can help you stay ahead of seasonal upkeep, ensuring your rental property remains in top condition. Ready to give your property a spring refresh?
