Five Weeks Vacant in a Low Vacancy Rate Market

Wealth Coffee Chats

In this Wealth Coffee Chats episode, Cass explores a case study of a property that remained vacant for five weeks despite the low vacancy rate in the area. The property owner raised the rent to recover an $8,000 special levy but priced the property above market value, which led to a prolonged vacancy. Cass highlights the importance of pausing to analyse data, setting competitive pricing, and promoting the property effectively. Let's hear from him and Let’s Wealth Coffee Chat!