Hamilton Property Management Market Report

By Astyn Reid

Currently the rental market in Hamilton is booming! Daily we have people walking into our office searching for a rental and enquiries on our listed properties is at an all time high. Unfortunately, as we have only been open for two months, we are unable to find homes for all of these suitable and prospective tenants – although our portfolio is growing more and more each week. Currently we have 20 rentals and more landlords signing on in the near future, out of these properties we have 5 vacant (with enquiry high) and we hope to have these filled within the fortnight. At this stage we are actively seeking more rentals to take on and I hope for our rental list to double within the next few months. Hamilton (and surrounding towns) is a great place to purchase an investment property as the demand for rentals is high and it is only a short distance from Melbourne! We also cover Wallacedale, Coleraine and any other surrounding town that you can think of. Rental prices on average vary greatly, being from $160 – $375, I believe this to be a good thing so that we are able to cater to a variety of different people – on the whole I do believe the average rental price to be increasing.

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