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What do record rent prices mean for landlords.?

• Despite a slight easing in rent growth, weekly rents remain at record highs, and rental stock is still scarce, making this an excellent time to lease your property. Strong demand from tenants ensures that well-presented properties can achieve maximum returns in today’s market.
• The latest data shows a 7% annual increase in median weekly rents, with competition for affordable rentals particularly strong. Properties in lower price brackets are leasing quickly, highlighting the ongoing pressure on renters to secure housing.
• With rental listings at their highest in three years, tenants now have more options, making it crucial to position your property effectively. Strategic marketing and careful pricing can ensure your property stands out and secures quality tenants promptly.
• Take advantage of these favourable conditions by partnering with the Rental Team of YES Real Estate. Our expertise in property management and market trends ensures your investment achieves its full potential while delivering a hassle-free leasing experience.