Property Management Update

Welcome to Derby’s August Property Management Update.

It was a relatively quiet month with property listings up slightly and prices remaining relatively constant.

Throughout August we saw 22 properties advertised for lease – up slightly from July – with a total of 7 being furnished.

Surprisingly, we saw a small increase in 2-4-bedroom properties advertised but based on recent trends, we expect this number to decrease as we move from the dry season into the wet.

Number of BedroomsNumber of Rentals

July

Number of Rentals

August

Overall Price RangeAverage Price Range
122$175—$230$175—$230
234$250 – $340$250 – $340
389$220 – $370$260 –  $320
467$250 – $420$275 – $340

From July through August, the configuration spread of properties was relatively even with prices remaining relatively constant.

If you have any questions on the current rental market, or if we can assist you with any of your real estate needs, please feel free to contact the team at Ray White Derby today on 9191 2900.