Turn Vacancy into Value: The $5,000 Grant for Property Owners

Are you a property owner in Western Australia with a vacant residential property?
You could receive $5,000 by participating in the Vacant Property Rental Incentive Scheme.

What is the Vacant Property Rental Incentive Scheme?

This scheme offers a $5,000 grant to owners of vacant residential properties who transfer their property to the rental market for at least 12 months. It’s an excellent opportunity to contribute positively to the community while earning extra income from your property.

How Does It Work?

If your property meets the eligibility criteria, including being vacant for the specified period, and you have a 12 month lease signed, you could qualify for the grant. Once approved, you’ll receive a one-time payment of $5,000 directly into your bank account. Applications must be submitted by midnight 6 November 2024.

Why Rent Out Your Vacant Property?

  1. Earn Passive Income: Renting out your vacant property allows you to generate a steady stream of passive income without any additional effort on your part.
  2. Maximise Return on Investment: Instead of letting your property sit vacant, renting it out ensures you’re maximising its potential and getting the most out of your investment.
  3. Cover Mortgage Payments: Renting out your property can help cover mortgage payments, reducing financial strain and adding stability to your finances.
  4. Protect Your Asset: Regular occupancy helps protect your property from issues such as vandalism, deterioration and squatters, preserving its value over time.
  5. Contribute to the Community: By providing long-term rental accommodation, you’re contributing to addressing the housing shortage and supporting individuals and families in need of housing.

How We Can Help

Wellington & Reeves offers comprehensive property management services to make the rental process seamless and hassle-free for you.

Benefits of Renting Out Your Property with Us

  • Expert Marketing: We utilise effective marketing strategies to attract high-quality tenants quickly, minimising vacancy periods and maximising your rental income.
  • Tenant Screening: Our thorough screening process aims to find tenants who meet quality standards, reducing the risk of rent issues and property damage.
  • Efficient Rent Collection: Say goodbye to chasing late payments! We handle rent collection promptly and efficiently.
  • Property Maintenance: From routine inspections to timely repairs, we take care of all property maintenance tasks, keeping your property in top condition and minimising your workload.
  • 24/7 Support: Our dedicated team is available round-the-clock to address any tenant concerns or emergencies, providing you with peace of mind and convenience.
  • Experienced Management: With years of experience, we adeptly handle any issues smoothly and provide valuable local insights on current rental market prices, ensuring optimal returns on your investment.

Take the First Step

  • Visit the WA Government website here to check your eligibility for the Vacant Property Rental Incentive Scheme.
  • Contact us for a free rental appraisal and start enjoying the benefits of renting out your vacant property with ease!

Don’t let your vacant property go to waste. Seize the opportunity to turn it into a valuable asset and start reaping the rewards of rental income today!

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