From the Boss' Desk... Monthly Market Updates

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Residential Rental Market

Spring has definitely sprung! Our team has leased 23 properties during September leaving only 11 properties available on our vacancy list.  Demand and enquiry levels are continually increasing so we expect to experience our usual busy lead up to Christmas.

 

Property Management Matters

Do you have a home that still retains an original ceramic fuse box? If so, it is time for a switchboard upgrade. Fuse box switchboards and rewireable ceramic fuses do not comply with today’s standards. Apart from non-compliance issues they can pose a fire risk and a hazard for electrical shock.

If your home has an electrical switchboard dating back to a time before safety switches were included as standard, then a safety check is needed – and an upgrade to incorporate, at the very least, a mandatory working safety switch. If you believe that your property may require a safety check please contact your Senior Portfolio Manager.

As you may have heard the NSW rental laws are set for the biggest reforms in two decades. Changes will include limiting rental increases for periodic leases to once a year, set fees for breaking a fixed-term lease and no penalties for domestic violence victims who break a lease.

This week saw these proposed reforms to the Residential Tenancies Act open to public debate. We will continue to keep you up to date on this important matter and advise accordingly on any changes that you need to be aware of.

 

Residential Sales

September sales results have been quiet; however, the month has produced a significant number of appraisals with the prospect of becoming new listings this Spring. 

If you are considering your options or you are interested in finding out more about the mood of the market please contact one of our Sales Executives - Sarah Wotton 0412 338 891 or Steven Berlyn 0406 420 940.  

 

Community

WIRES Wildlife Rescue, Australia’s largest wildlife organisation, have been rescuing and caring for our injured native animals since 1985 and are a huge part of our community.

Karen Gulabovski, one of our Senior Portfolio Managers, is a dedicated volunteer for WIRES and was awarded a community grant from realestate.com.au earlier this year.

Highlands Property will be hosting a fundraising barbecue at Bunnings Warehouse Mittagong on Sunday 28th October between 9.00am – 4.00pm to raise funds for this great organisation.

If you are in the area, come down on the day and show your support, we would love to see you there!

Alternatively, to donate visit: https://www.wires.org.au/donate/now   – big or small, it is greatly appreciated!  

 

Cheers...

The Highlands Property and CIPS Team