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Best month for settlement/finding tenants

Discussion in 'The Buying & Selling Process' started by Toon, 23rd Aug, 2015.

  1. Toon

    Toon Well-Known Member

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    Not sure if this is the right place for this question, but if you were in a position to start making offers and you had any influence in the settlement period, would you be trying to settle sooner, Oct/Nov or would you try and push it out to Jan/Feb? Just thinking that December might be a pretty bad time to try and get tenants. I'm sure the best months for finding tenants has been discussed before, but I couldn't find the posts.
     
  2. wylie

    wylie Moderator Staff Member

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    I always aim to get tenants mid January. If it needs work that could be done over Christmas break (if you can get tradies). Otherwise I would try to time it to January.
     
  3. Toon

    Toon Well-Known Member

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    Thanks Wylie :)
     
  4. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    My experience with my Marrickville properties are that January is the best time to be seeking tenants.
     
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  5. Coota9

    Coota9 Well-Known Member Premium Member

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    Consensus seems to be early to mid January due to families resettling due to work and school committments
     
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  6. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Early December is a great time... for an Airbnb
     
  7. Toon

    Toon Well-Known Member

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    Hmmm, unfortunately there won't be any furniture :p
     
  8. Scott No Mates

    Scott No Mates Well-Known Member

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    Contract after the census date for land tax purposes. This defers your tax liability for a year.
     
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  9. drg86

    drg86 Well-Known Member

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    Another vote for January. Areas around Universities show massive demand end of Jan/early Feb
     
  10. Magnet

    Magnet Well-Known Member

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    It really depends on the area. Have a look at sqmresearch.com.au and type in your postcode in the free property data for vacancy rates. That will tell you the lowest vacancy months and the best time to advertise a property. Our Syd property is Oct/Nov but our SEQLD one is August & our Moreton Bay QLD one is May or Sept.
     
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  11. Chilliblue

    Chilliblue Well-Known Member

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    Agree with Magnet. Every area would be different so talk to the local agents.
     
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