Property Report

December 2011

Dixon Advisory Seminar

The seminar we held on the 15^th of November was a big hit and we hope that those investors who attended got a lot of helpful information. If you were unable to attend and would like a copy of the slides that were handed out on the night please email Kim Talledo who can forward these on for you, Kim's email address is ktalledo@maloneys.com.au

Maloney's Online

If you haven't yet accessed Maloney's online we have had some very positive feedback from owners and recommend that you give it a try. You have access 24 hours a day 7 days a week to view past statements, copies of invoices, inspection reports and change your contact and bank details as well. If you have not received your login details please let us know.

Merry Christmas

Christmas is here again and it is remarkable how quick this year has gone. The team at Maloney's would like to wish all our property investors and their families a happy and safe Christmas. We will have a skeleton staff between Christmas and New Year who will be available for any urgent matters. Our trading hours over the Christmas period will be as below:

Saturday 24 December - Tuesday 27 December - Office Closed  

Wednesday 28 December - Friday 30 December - 9 am to 5 pm Skeleton staff only

Saturday 31 December - Monday 2 January - Office closed

Barclays Mis

In the next week or so you will receive some information about a product that we have introduced for our landlords. We feel it is excellent for assisting the control of rental arrears and provides the potential to follow up any debts left by tenants past a tribunal hearing. If you have any questions regarding this please do not hesitate to contact us.

Sales and Rental comment

Both the sales and rental markets continue to be slower than the last couple of years and the market is now down about 6% for the year, however compared to the rest of the country we are still faring reasonably well.  The rental market is still overstocked particularly in the Inner South and it is important to remember to be competitive if your property is coming available to avoid any extended vacancy periods.