The Australian rental market is experiencing a historic shift, with vacancy rates dropping to just 1.3%—the lowest in 16 years. This tightening market presents a unique opportunity for property investors to capitalize on strong demand and rising rental yields.
This is a great time to be a property investor, with the national vacancy rate falling to a 16-year low.
SQM Research has reported that the vacancy rate (the share of untenanted rental properties) in January was a very low 1.3%, down from a moderate 2.0% the year before.
Melbourne, Sydney, and Brisbane, which have the highest vacancy rates in the country, have seen their rental markets significantly tighten over the past year.
In the other capitals, vacancy rates have remained under 1%, which is incredibly low. That makes it very hard for tenants in those cities to find properties; conversely, it’s easy for landlords to find tenants and to justify rent rises.
If you want to build long-term wealth, I can help you buy an investment property. One big piece of advice is to get a pre-approval before you start your search: competition is fierce right now, so if you don’t have your finance in place you’ll probably lose out to buyers who do.
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As the Australian rental market continues to evolve, now is the perfect time to explore investment opportunities. Be sure to check out our other blogs for more insights and tips on navigating the property market.
Would you like more information? You can ring us now 1300 989 878 or email us at moreinfoplease@bir.net.au
