?? To Furnish or Not to Furnish? That's the Question! ???

??? To Furnish or Not to Furnish? That's the Question! ???

At One Agency Orange, we often hear potential landlords ask whether they should furnish their property or leave it unfurnished. Let's dive into this dilemma! ??

?? If you're unfamiliar with the Orange market, it's important to know that we have a significant number of fly-in-fly-out workers, mainly employed by Newcrest Cadia Mine and related sub-contracting companies.?

??? Furnished properties used to be in high demand in Orange, especially over the past 18 months. However, the situation has changed. Here are some reasons why furnishing may not be the best choice for you. ??

Firstly, furnished properties tend to have higher turnover rates and longer vacancy periods, which can eat into your investment profits. #TenantTurnover #VacancyRates

Secondly, the increased supply of furnished properties has affected rental returns for investors. ??#RentalReturns #InvestmentProperty

Not all properties are suitable for furnished rentals. Factors like proximity to town, modern amenities, and a desirable bedroom-to-bathroom ratio impact the attractiveness to ?? fly-in-fly-out companies. #PropertyCriteria ????

Lastly, it's essential to consider supply and demand. The current market is flooded with furnished properties, making it challenging to secure tenants. To stand out, lowering the weekly rent can be a strategic move. ?? #SupplyAndDemand #CompetitiveMarket

Before deciding whether to furnish or unfurnish your property, it's wise to consult with a local expert who can provide market insights. They will help you make the right decision for your investment property. #MarketInsights #ExpertAdvice ????

• Share your thoughts and experiences in the comments below! Let's discuss the pros and cons of furnishing rental properties. #RealEstateDiscussions #PropertyInvestment ????