News Archive
Residential Tenancy Act Update
10 July 2010
In June we experienced between 2-3 times the level of leasing activity compared to the same period in 2009 with reasonable turn-outs at rental inspections with the exception of the Queen's Birthday long weekend. Our occupancy rate is currently at 98.7% compared with 98% for June 2009 and the average rent across our managed properties is $524/wk . This is up $46/wk or 9.6%... read news item »
Top Performing Rental Growth Suburbs
08 June 2010
Did you know? Focus currently manages around ¼ billion dollars in real estate in over 70 suburbs of Sydney . Despite moving into a winter market we are still seeing vacancy rates consistently hovering around the 1% mark. We are seeing a good attendance at rental inspections rain, hail or shine and we have had some real encouraging leasing results through the mon... read news item »
2010 Winter Leasing Strategy
07 May 2010
As we ease our way into autumn we have seen our vacancy rate steadily increase from as low as 0% in March to 1.16% as at end of April 2010 . Historically this is still very low level of vacancy. Typically we do see the vacancy rates showing an upward trend in the autumn and winter months. (Refer to the Vacancy Graph below) . Did you know that our leasing strategy differs throughout the... read news item »
Proposed changes to Residential Tenancy Legislation
15 April 2010
Focus has achieved zero vacancy rates across our portfolio for the last three consecutive weeks of March 2010. This result is due to great negotiating by our Leasing Manager Rebecca Davis and stronger market demand. During February/March we have been busy reviewing the rents on hundreds of properties and are excited to advise that on average rents were increased by almost 5% . We predict th... read news item »
Sydney property vacancy rates fall to 0.53%
08 March 2010
Historically, February is typically one of the busiest leasing months of the year, however this February we have witnessed a rapid change in market conditions with noticeably fewer vacate notices received from existing tenants, resulting in lower rental stock. When you couple this with the stronger enquiry levels the result is lower vacancy rates. Vacancy Rates for the inner suburbs (provided ... read news item »
Sydney rents to rise by 5 - 7% in 2010
09 February 2010
I am excited to tell you that with 2009 now behind us, we anticipate 2010 to be a more prosperous year for our property investors with rent increases in the vicinity of 5.0% to 7.0% expecting during the year. This equates to $26.00 to $36.00 dollars respectively on the average rent of $521.00/wk across our portfolio. During 2007 and 2008 calendar years we saw the average rent on our port... read news item »
Sydney rental market to tighen over next 12 - 24 months due to population growth & low stock levels
03 October 2009
After what was a sluggish winter rental market, we have started to see some positive movement since mid August with increased demand and shorter supply of residential rental stock. This was not entirely unexpected; however was the most subdued winter market that we have seen in the last 4 years. Currently we are experiencing vacancy rates of 1.0% to 1.5% as opposed to the 2.0% levels of win... read news item »
Sydney winter vacany rates hit 2 year high at 2%
03 August 2009
We are currently in a soft market despite what has been reported in the media recently. This is typical of the Winter Season, however vacancy rates across our portfolio was 2% as at 30/06/09. Vacancy rates have not been at this level since the end of 2006, so it is certainly higher than the lows of 0.5 to 1% that we were experiencing 12 months ago in mid 2008. In the short term we will... read news item »
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