Should more landlords furnish their rental properties?

Over the past few months we have seen a growing demand for ready-to-go living situations.

As we know, many people choose to shift down to the Surf Coast and Bellarine Peninsula for a sea change, to leave the hustle and bustle of the city and opt for a slower pace. Often times, those shifting from the city have an expectation about how this coastal lifestyle will work for them, but also recognise that it is a big move to commit to, without first experiencing living in the region. It is for this reason that many families considering a permanent move are choosing to trial life down on the Coast beforehand.

It is because of this pattern, that the demand for furnished long-term rental properties has been rising. A furnished house enables a family to jump right into life as a local, without fully uprooting their current home. Avoiding the giant effort of moving all of their furniture, when they are still undecided on the permanency of the move, is a massive drawcard and makes furnished homes very convenient and very desirable.

For an owner this can mean a larger pool of potential tenants, shorter vacancy periods and a higher yield.

Furthermore, there is currently a very small number of furnished long-term rentals on the market, which makes for less competition and means that each property has more interest. For an owner this means a larger pool of potential tenants to select from, shorter vacancy periods and a potentially higher yield.

If you are interested in leasing out your property as a furnished long-term rental, please get in touch with Ji today and we can get the ball rolling.

Contact us here or give us a call today on (03) 5223 1657.

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