Five Weeks Vacant in a Low Vacancy Rate Market
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In this Wealth Coffee Chats episode, Cass explores a case study of a property that remained vacant for five weeks despite the low vacancy rate in the area. The property owner raised the rent to recover an $8,000 special levy but priced the property above market value, which led to a prolonged vacancy. Cass highlights the importance of pausing to analyse data, setting competitive pricing, and promoting the property effectively. Let’s hear from him and Let’s Wealth Coffee Chat!
00:00 – Introduction
03:51 – Case Study: Five Weeks Vacant in a Low Vacancy Rate Market
09:25 – Pricing Above Market Value and Lack of Promotion
12:49 – Lessons Learned and the Importance of Strategy
15:38 – Conclusion
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