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Property Management Market Update by Karen April 2017

Hello, my name is Karen Simpson and welcome to First National Wollongong Property Management update for April.

Today we are bringing you your update from Market Square, East of Wollongong. This particular park is renowned for the schools across the Illawarra for the year 10 and 11 for more photos. Directly across the road is St. Mary's Catholic Girls High School, this school has been operating for over 140 years and is one of the oldest long-standing schools in New South Wales.

During the month of March, we leased 16 properties, our average rent closed $458 that was an increase of $45 per week. We saw average days on market which was 8.9 days and vacant properties 5.1 days.

It's been a busy month, Aaron our Leasing Consultant has conducted 42 open inspections, we had a 177 prospective tenants tour our properties and we've received 87 applications.

So with Easter just around the corner, just a reminder that our office will be closed from Thursday 13th April and we will re-open our doors on Tuesday 18th April.

I'd like to take this opportunity to wish you and your family a very safe and Happy Easter and until next month, bye for now.