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Property Management Newsletter
Wednesday, March 10, 2010
Welcome to the February 2010 edition of the Baird Real Estate Property Management Newsletter.
Well the Christmas and New Year period has come and gone for another year. All of the team at Baird Real Estate hope you and your family had a good break and are now back into the swing of both school and work.
It was certainly an exciting time at Baird Real Estate, during which our team expanded with a number of new staff members starting here within the last couple of weeks. A profile of each of the new staff members is available on our website.
The rental market is still continuing to be as strong as it has ever been in the Cessnock area. Our Vacancy rates are still maintaining to be LESS THAN 1% in this market. This has been a trend that has been happening for the last six months.
Rental prices are continuing to increase, twelve months ago, it was rare if a residential property in the Cessnock area was leased for in excess of $400, now this price is becoming more common for certain properties. This reality alone is showing how strong the rental market is. If you are thinking of purchasing a rental property, then this is great time to be investing.:
Kind regards,
Joseph Lorriman
Senior Property Manager
February 2010 Issue No. 29
- Joseph Lorriman