KEYS TO THE CASTLE: Krysti MacRae of Elders Real Estate Alstonville with Neil Millynn who has moved into his new rental property last weekend.
KEYS TO THE CASTLE: Krysti MacRae of Elders Real Estate Alstonville with Neil Millynn who has moved into his new rental property last weekend. Cathy Adams

Monthly rental record smashed

A STEADY Northern Rivers rental market didn't stop Elders Real Estate in Alstonville smashing its record for the most properties leased in a month.

The agency, which leased properties in Alstonville, Wollongbar and Wardell, usually put new tenants in eight to 10 rental properties each month but chalked up 30 in July.

The real estate's property manager, Krysti MacRae, claimed a range of properties, from small two-bedroom units costing $200 perweek to executive rental properties worth $600, were filled by people who moved to the region for lifestyle and work reasons.

"The region has been attracting people with mid-year contracts who are starting work on the bypass," she said.

"Alstonville is a really central location where one person can work in Lismore and the other can work in Ballina.

"Other people are re-locating to the area to raise families here because it has a lovely community feel."

Neil Millynn moved to Wollongbar because it was a central location to run his business, Ducted Air Solutions, a hygiene organisation which sanitises industrial air-conditioners.

"It's central to the area we choose to service, it's a nice community and it's close to the highway, so it only takes us two hours to get to Brisbane," he said.

However, not all real estate agencies broke rental records last month.

Two weeks ago, Ray White real estate in Alstonville closed down and passed on two tenants to Elders.

First National Real Estate Wal Murray & Co in Lismore and LJ Hooker Ballina both reported no change in their rental markets last month.

LJ Hooker Alstonville property manager Victor Linardon said his agency experienced a small spike in demand for rentals in early July but slumped later in the month.



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