The winter blues

We have not seen a winter slowdown like the one being experienced in WA in the residential property market for many years. The vacancy rate continues to climb with tenants very scarce. Agents getting the tenants have had to be very creative in attracting tenants to their advertised properties. Incentives such as free rental periods, free cleaning services, less inspections are just some that are being offered. We must remember that every week the property is vacant is less money in the owners pocket and a greater risk of losing the property to a competing agent.