March Market Update
You will recall in January this year, new legislation was passed in relation to smoke alarms. As the 1st of April is “change your smoke alarm battery day” we thought that we would highlight what this legislation means for you.
For existing dwellings, there is a 10 year phase in period whereby all smoke alarms need to be photoelectric, be interconnected with every other smoke alarm plus installed in every bedroom, hallway and on every storey of a home.
In contrast, by the 1st of January 2022, just 5 years away existing properties being sold or leased (including an existing lease being renewed) have to be brought up to the new standards.
For any new dwellings, from the 1st of January this year they must comply with the new legislation.
For any further clarification, feel free to contact us direct. We recommend Safety Watch Australia for all our clients to assist in wading through your legislative requirements.
From a March sale point of view our office has had another strong month continuing the sound start to the year with 29 contracts secured and over 58 families a step closer to their property dreams.
This month we have developed a Toowoomba first, electronic and live Market Snapshot. If you would like access send us a quick message today.
And finally let’s turn our attention to the rental market in Toowoomba. It has been another strong month for the property management division of RE/MAX Success, having leased 58 properties for the month of the over 1,550 currently managed. Our vacancy rate is 2.13% on the lead into Easter.
On behalf of Daniel, Emma & I we wish you and your family a safe and happy Easter. If you are going away, please take care on the roads.
As always, thank you for watching, we look forward to keeping you updated over the years.