2013 has seen a significant turn around in the rent roll and agency sale market.
Rent roll values in some areas have seen a strong return in value and enquiry for real estate agencies has also rebounded. After the 2010 – 2011 downward spiral in the real estate market, those that survived have understood the value of their Property Management portfolio in providing a consistent budget-able income which allowed them to pay rent and wages.
Off the back of that, 2012 saw more interest in rent rolls providing the momentum for what we are seeing today, especially on the Brisbane Northside, Inner City and Gold Coast.
Brisbane Northside rent roll multipliers are now above their previous peak. These recent sales confirm this:-
Arana Hills $2.95 per $1
Bald Hills $2.85 per $1
Albany Creek $3.05 per $1
New Farm $3 per $1
Other sales currently under contract or under offer also provide significant indication of the strength of the market.
The Gold Coast has rebounded well after multipliers in recent times hovered down around $2 per $1. All Gold Coast rent rolls we have had over the past 2 years have sold quickly and we are very keen for more rent rolls to sell in the region. Prices vary considerably on the Gold Coast, call us if you would like more information.
Logan region has been slower to rebound as has the Sunshine Coast and Ipswich. Clearly they are not far from seeing the same or similar improvement and purchasing in these areas now would appear to make very good business sense.
If you have any questions or would like to talk confidentially about the Rent Roll market please contact Kevin Hockey on 0413 879 986 or email firstname.lastname@example.org