PROPERTY INVESTOR
Market Monitor
Voice of Property on the Sunshine Coast Ray White Buderim 1/66 Burnett Street Buderim 07 5445 6088 raywhitebuderim.com.au
Unparalleled in our local marketplace It’s Our Turn It doesn’t matter where you are on the Sunshine Coast today there is a buzz or excitement about what the next few years is going to deliver us in the area of property. It has been a long time since we have felt a surge of buyer interest from both local and interstate investors. In fact we would have to look as far back as the 2006 – 2007 period. The phones are ringing, email enquiry is up, visitors to open homes solid, auction success rates strong, weekly rents on the rise and more importantly occupancy rates at 99%. So why is it our turn? Simply put the southern interstate markets are starting to cool off and the traditional trend of buyers/investors heading north is starting to show.
Since 2012 through to 2017 most parts of NSW and Victoria, Sydney and Melbourne in particular saw huge gains in real estate values. Many people make a lot of money from property. But alas the tide has now turned with prices beginning to tail off.
new Maroochydore CBD, the SC University Hospital and Palmview just to name a few.
In closing just a short note to remind you of our point of difference. The Sunshine Coast does attract a different type of buyer, the more stable long term buyer, the more But the prospects of making money from property is now cautious investor and in our opinion more thoughtful in their DNA. Buyers are now looking elsewhere to see developers. where they can invest their property dollars. Of course From all of us at Ray White Buderim – happy investing ! the South East corner of Queensland, including the Sunshine Coast is the next logical step. If you need anymore reasons to demonstrate why it is “our turn “ please take some time to view the current infrastructure construction underway in our region. We have the extension to the Sunshine Coast Airport, the
Reasons to have your property professionally managed Experience
With an experienced team and proven monitored systems, we have the knowledge to avoid potential problems, minimising any potential downtime and expense to the investor. Rental management is our business. The team at Ray White Buderim take responsibility for your investment, providing firm but fair service based on current legislation and market conditions.
Market Knowledge
Dealing with the local rental market on a daily basis ensures that we are up to date with the current market. We are aware of the supply and demand across all price ranges and are therefore able to ensure that you are receiving the best possible rent in today’s market.
When considering the future of your investment property that is worth many hundreds of thousands of dollars, is it not worthwhile investing a little more to ensure that the property is managed by a professional rental management company?
Available 24/7
Forget those late nights and early morning calls from tenants with problems.
Audited Trust Account
All your rent monies are held in a trust account which is regularly audited.
Finding the Right Tenants Selecting the right tenant is vital in our relationship. We are able to draw on a large catchment due to the location of our offices, web sites, signage, window cards, social media and our database of tenants will give us access to a good selection. From here all tenants are required to fill out an application, all checks are done and then between yourself and us the right tenant is chosen. Payment of Rent Your new tenant will be paying rent electronically (unless requested otherwise) and rent payments are checked daily in our offices. If your tenant fails to pay rent for the first three days a text message is sent. After four days a phone call is made daily. Failure to pay after eight days and we will issue a Notice to Remedy Breach. Routine Inspections All our properties are inspected 3 times a year and we will advise you of the condition of your investment and identify any maintenance that might require doing. These reports will contain numerous photos for your records. We also allow an extra inspection a year where we will meet you at the property and do an owner inspection. Maintenance We are very proud of our team of tradespeople who have worked with us for many years. All maintenance will be authorised by you, conducted in a timely manner and above all, at a reasonable cost. It is important we maintain the value of your investment with proper maintenance.
DATED
INDEPENDENTLY OWNED AND OPERATED BY
OFFICE
SIGNED
Ray White Buderim 5445 6088 buderim.qld@raywhite.com
PRINCIPAL / MANAGER
Call us now for a free appraisal and introduction to Ray White Property Management and access to our 20 Point Service Menu that no other Property Management Company can provide.
Why are we doing this? Because we understand how important the successful management of your investment property is and we respect your decision to entrust it with us.
We are so confident in the ability of our staff to manage your property, our service is risk free for you.
Allow us to manage your property and if within the first 3 months we don’t live up to your expectations we will refund your total Management Fees plus the value of an additional 3 months Management Fees.
Here is our Guarantee to you...
… And CAN I get better value elsewhere? We understand you will need to make a yes or no decision on one or all of these questions based on your dealings with us.
-- Will things be attended to in the right time frame? Are we available when you need to talk to us?
-- Will the rent be paid on time? Are you dealing with a reputable and financially secure company?
-- Will our property be looked after? Will we get the right tenants?
With property investment your questions might be:
8-10 people who are considering using any company, for any service are sceptical to some degree about that company’s services living up to expectations.
Service Guarantee
We will send you personalised invitations to attend local Ray White Investment Seminars and Property Events. On your request we can provide Priority Advice on upcoming new Investment Properties to add to your portfolio. We do regular Routine Inspections on your property and these are carried out by our designated Routine Inspection Officer & Property Manager who will gain an intimate knowledge of your property. After each Routine Inspection you are provided with colour photographs showing the condition of the property focusing on any issues, good or bad, that may arise with your Property. We have a dynamic specialised Leasing team who conduct an average of 30+ Open for Inspections per week giving you maximum exposure to the widest pool of tenants. We also have a specialised experienced maintenance team & Property Manager dedicated to the preservation and repair of your property. If there is any maintenance required on your property we will wait for your instructions before undertaking any requested works unless otherwise specified. On your request, at the end of each tenancy period we will provide you with a complimentary Rent Review to ensure you are getting the most out of your investment.
2. 3. 4. 5. 6. 7. 8. 9.
20. We utilise cutting edge, up to date, trust accounting and computer programs to maximise our efficiency and accuracy to manage your accounts and rent payments.
19. All maintenance issues are attended to by only the most qualified of Trades People who have had long standing relationships with Ray White.
18. Once we locate suitable tenants for you, all applications will be processed and passed onto you for your final approval and selection of your new tenant.
17. Each Tenancy Application is thoroughly checked as permitted by law, to ensure to the best of our knowledge that your tenants will fulfil their obligations.
16. Our Staff are committed to daily training to ensure your Property Management team are well informed with the current legislation and all compliance issues.
15. Also our Ray White Principal, Brett Graham, with 30 years of experience is available to discuss your property questions, 7 days a week and is happy to speak about any aspects of real estate or the management of your property.
14. If you request we will introduce you to our Loan Market Broker for a complimentary Finance Health Check to see if you are getting the best finance deal available in a very competitive lending market.
13. Our occupancy rate is consistently around 99% average.
12. Our Rent Arrears are consistently less than 50% of industry average.
11. When you have a change of tenants your property will be advertised on our “For Rent List� available through all of our Ray White offices, significantly increasing your market exposure. Also a sign will be erected on site, internet advertising, window cards and open homes conducted.
10. You will be joining a Group of four Ray White offices who share resources for a bigger and better catchment of quality tenants.
We will provide you with a complimentary annual Sales Appraisal, at your request, so you can keep up to date with the ever-changing property market.
1.
20 Point Service Menu
Thank You What Now...? We hope you have enjoyed reading through our Property Investor Market Monitor. If your have any questions, please ask us. Once you are satisfied with our services on offer, all you need to do is appoint us as the managing agent for your investment property. Once this is done we can begin the process of selecting and securing a tenant that suits your property and / or transferring your current investment property to Ray White.
Ray White Buderim
1/66 Burnett Street, Buderim, QLD 4556 P.O Box 550, Buderim 07 5445 6088
raywhitebuderim.com.au
Š 2018
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior written permission of the publisher.