Luxury Real Estate for Sale Around the World

At the forefront of luxury real estate marketing, the proud the recipients of two awards from the esteemed Who’s Who in Luxury Real Estate The World’s Most Outstanding Luxury Agency Under 2 Years Old (Outstanding Rookie 2008) and Best Luxury Real Estate Brand (2009), Marquette Turner Luxury Homes is the home for your property search including luxury homes, resorts, developments, apartments, condos, villas, mansions, penthouses and islands throughout the world.

We focus on assisting high-net-worth individuals to achieve the most appropriate exposure in marketing their luxury properties via the luxury lifestyle magazine-style website MarquetteTurner.com and in assisting aspirational investors find their ideal property.

We have forged partnerships with developers, real estate agents and vendors throughout the world and are proud to present to you an exceptional showcase luxury homes for sale or rent throughout the world.

Thursday, March 6, 2008

The Battle for Tenant's (plus some good news)

NEW renters have been locked out of some of Sydney's most sought-after suburbs as real estate agents report that they have no properties for lease. This is certainly the case for Marquette Turner.

It has not been uncommon to see upwards of 50 people competing for properties in the city, inner-west, eastern suburbs and the lower North Shore. Occasionally that figure surpasses 100. There are so few places available that applications are being thrust into agents' hands even when people are dissatisfied with the property on offer. Bidding wars are frequently bumping up asking prices, and keen home hunters are giving three to six months' rent in advance.

The President of the Real Estate Institute of NSW, Steve Martin, said the vacancy rate in Sydney last month was 1.2 per cent, the lowest January figure in at least five years.

"People are literally lining up to inspect rental accommodation," Mr Martin said. "And subsequently what's happening is they are looking at the competition they've got and they are filling out application forms and offering in excess of what the asking rental is just to secure rental accommodation."

The lack of properties is putting the squeeze on potential tenants, literally, with agents forced to separate interested parties into groups so they can fit into small, inner-city apartments. Viewing times are also being extended to cope with the huge demand.

Prospective tenants will be pleased to know that not al hope has gone. Marquette Turner will have available a 2 bedroom apartment in Surry Hills from 10 March.

CLICK HERE to view more

Contact: Michael Marquette

Michael@marquetteturner.com.au

Mobile: 0433 170 170

1 comment:

Professional Web Site Design said...

So why aren't these people considering owning a house. Sometimes it is more affordable than one realizes. I think this should send a red flag to developers to provide more rental and condo properties.