5-bedroom house
Leased one day after going live, at $1,750 a week, with tenants secured 20 days before the home was available.
Results
A selection of recent Homefront leases. Days on market run from the day a listing went live to the day the lease was agreed. Suburb comparisons use RP Data rental listings for the 12 months to each lease.
Leased one day after going live, at $1,750 a week, with tenants secured 20 days before the home was available.
Leased within a week at $1,800 a week. Comparable three-bedroom Newstead apartments at $1,500 and up took a median of 18 days over the same 12 months.
The selling agent appraised it at $1,050 a week. We leased it at $1,250, which adds $10,400 a year to the owner’s rental income.
Lifted from $550 to $700 a week in a single step, bringing it up to true market rent. Leased in 11 days, with three days between tenancies.
Leased before it was advertised, to a tenant we had already vetted for another of our homes. $900 a week, above our own appraisal, with no vacancy.
Re-leased in 12 days at $1,775 a week, $75 above the previous rent, with the new tenants signed to a two-year lease.
Re-leased in 22 days at $1,400 a week, $150 above the previous rent, with no gap between tenancies. Brookfield houses at $1,300 and up took a median of 35 days.
Leased as a home and a separate granny flat for a combined $1,150 a week, with both tenancies starting within two days of each other.
Bought under-rented. We lifted the rent to $700 a week at the first legal opportunity, then to $720 at renewal, and kept the same tenant throughout.
We coordinated four trades to finish the required works within seven days, then had the home leased within the following seven.
Leased in four days at $815 a week, more than five weeks before the tenants moved in, on a 12-month lease.
When the tenant broke their lease, we re-let it in six days at the same $640 a week, with just two days between tenancies.
Individual results depend on property, market and timing.
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