Best month for settlement/finding tenants

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

Join Australia's most dynamic and respected property investment community
  1. Toon

    Toon Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    541
    Location:
    Victoria
    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.
     
    Toon, 23rd Aug, 2015
    #1
  2. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,020
    Location:
    Brisbane
    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.
     
    wylie, 23rd Aug, 2015
    #2
  3. Toon

    Toon Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    541
    Location:
    Victoria
    Thanks Wylie :)
     
    Toon, 23rd Aug, 2015
    #3
  4. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    My experience with my Marrickville properties are that January is the best time to be seeking tenants.
     
    Steven Ryan, 23rd Aug, 2015
    #4
    Toon likes this.
  5. Coota9

    Coota9 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,286
    Location:
    Melbourne
    Consensus seems to be early to mid January due to families resettling due to work and school committments
     
    Coota9, 23rd Aug, 2015
    #5
    Toon likes this.
  6. Gockie

    Gockie Life is good ☺️ Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    14,799
    Location:
    Sydney
    Early December is a great time... for an Airbnb
     
    Gockie, 23rd Aug, 2015
    #6
  7. Toon

    Toon Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    541
    Location:
    Victoria
    Hmmm, unfortunately there won't be any furniture :p
     
    Toon, 23rd Aug, 2015
    #7
  8. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,252
    Location:
    Sydney or NSW or Australia
    Contract after the census date for land tax purposes. This defers your tax liability for a year.
     
    Scott No Mates, 23rd Aug, 2015
    #8
    Toon and wylie like this.
  9. drg86

    drg86 Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    436
    Location:
    Forster NSW
    Another vote for January. Areas around Universities show massive demand end of Jan/early Feb
     
    drg86, 23rd Aug, 2015
    #9
  10. Magnet

    Magnet Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    375
    Location:
    Sydney
    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.
     
    Magnet, 24th Aug, 2015
    #10
    Toon and Nick Valsamis like this.
  11. Chilliblue

    Chilliblue Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,605
    Location:
    Australia
    Agree with Magnet. Every area would be different so talk to the local agents.
     
    Chilliblue, 24th Aug, 2015
    #11
    Toon likes this.
From $20k to $25 Million: The Chris Gray Story