This is a great time to be a property investor, with tenants being forced to fight hard for rental properties, according to new data from SQM Research.
The vacancy rate (the share of untenanted rental properties) fell in every capital city, except Melbourne, between June 2020 and June 2021.
The harder it is for tenants to find accommodation, the easier it is for landlords to raise rents. So it’s no surprise CoreLogic found that rents rose in all capital cities between the June 2020 and June 2021 quarters – except Melbourne.
With rents rising and interest rates at historic lows, this is a great time to be a property investor.
However, qualifying for a mortgage is often easier said than done, because banks have tight lending standards and turnaround times can be slow.
If you need help navigating this tricky landscape, speak to us.
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