Fully furnished 6 month lease in Brisbane

Discussion in 'Property Management' started by Peacefrog, 21st May, 2021.

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  1. Peacefrog

    Peacefrog New Member

    Joined:
    7th May, 2021
    Posts:
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    Location:
    Qld
    Hi all,

    Wondering if you can provide some advice on our situation.

    We are wanting to rent out our PPOR for 6 months while we go do "Van life" before our eldest starts school next year.

    Because it is for the short term and we want to leave in July, we would prefer to rent fully furnished in order to not have the added hassle of moving out our stuff and renting storage.

    We've done airbnb in the house for years while we go away on holidays etc and are used to people using our stuff. No problem on that end, but how desirable is a F/F property to tenants? Was thinking it might appeal to somebody moving to Brisbane to test the waters before committing. (Esp combined w the short lease)

    On a rental appraisal we had done a few years ago we were cautioned by the agent that we'd have to replace anything for the tenant that broke etc, so we are aware of that also.

    So there's that.

    And also, what management fees should I be expecting?

    Appreciate any advice!
     
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  2. Michael Mitchell

    Michael Mitchell Well-Known Member

    Joined:
    17th Sep, 2018
    Posts:
    875
    Location:
    Brisbane
    Can be done, I do a few, details in my sig below if you want to chat over coffee about it, same fees as unfurnished :)

    upload_2021-5-21_16-13-44.png
     
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  3. Peacefrog

    Peacefrog New Member

    Joined:
    7th May, 2021
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    Location:
    Qld
    I'll PM you
     
    Michael Mitchell likes this.
  4. Mel Morgan

    Mel Morgan Sydney Property Manager Business Member

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    6th Jun, 2017
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    Location:
    Sydney
    I manage a few fully furnished places in Sydney, have found that the demand has lessened since Covid but there are still those wanting furnished, whether relocating for work or want to 'test out' a new city/area.

    Generally slightly more work for an agent to also account for inventory during ingoing/outgoing.
     
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  5. Samantha Chiarelli

    Samantha Chiarelli New Member

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    18th May, 2021
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    Location:
    Brisbane
    In my experience a fully furnished apartment will appeal to students and single professionals here for a contract term or to help them get settled in regard to securing a longer term option.
    Certainly there is demand for it however the rental return is not a huge amount higher for furnished.
    I always warn my owners to be prepared to replace certain items than you would not chase a tenant through QCAT for, for example, missing cutlery or stained linen etc.
    A detailed inventory is key.
     
  6. Tom Rivera

    Tom Rivera Property Manager Business Member

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    1st Jul, 2015
    Posts:
    2,204
    Location:
    South East Queensland
    Fully furnished is more desirable the closer you get into the city. If your property is in Goodna for example, it's probably going to be a bit of a struggle. On the other hand, if it's somewhere like Paddington, St Lucia, Coorparoo or even right in the city, pretty good demand.

    Some agents will charge a bit more, some wont (particularly if you mention it's only for 6 months). Make sure they do a detailed inventory (or you can do it for them) and take a huge amount of photos!
     
    Michael Mitchell likes this.
  7. Pumpkin

    Pumpkin Well-Known Member

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    26th Jun, 2015
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    Location:
    Brisbane
    To me the issue is not so much of Fully Furnished, it's more because it's only a very short-term business for the Agent.
     
    Michael Mitchell likes this.
  8. Heinz57

    Heinz57 Well-Known Member

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    18th Jun, 2015
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    Location:
    Paradise
    They are rare as hens teeth in Brisbane, we wanted something like this when we were building. Ended up in student type 2 bed apartment in SouthBank, furnished $650 a week
     
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