These days, finding a new rental property can seem like an extreme sport! Housing affordability issues mean many of us are renting for longer, driving up competition for the good rental properties that are available. Other than in those inner-city high-rise rental towers that is. So, when you find the perfect property in your dream…
Articles by Leanne Jopson
The latest Domain Vacancy Rate Report for November 2023 shows that for the third consecutive month, Australia’s vacancy rate remains at 0.8% – a record low. A chronic undersupply of rental stock coupled with strong overseas migration and rising property prices against increasing demand are driving the competitive nature of the rental market. However, there…
Australia’s rental market faced a challenging year, becoming even tighter due to consistently high demand and a shortage of available rentals. In fact, new PropTrack data shows the national rental vacancy rate hit a new low in October after falling 0.06 percentage points (ppt) to just 1.02%. Ms Eleanor Creagh, Senior Economist at PropTrack said:…
It’s old news that Australia is currently experiencing a significant shortage of apartments and a corresponding rental crisis. And renters should not expect a reprieve from upward rental pressure anytime soon as the pace of apartment-building has slowed. According to a report by International Agents JLL, the supply pipeline of inner-city apartments has dropped by…
A new report forecasts that overall capital city asking rents will rise by between 7% to 10% next year. According to Louis Christopher’s Boom and Bust report Perth is expected to record the largest increase in market rents of 12% to 15%. While Canberra is forecasted to record the largest declines of -6% to -2%. According…
Does the stress of renting really make you feel older? Well, according to a new study by Australian researchers that looked at the stress of renting in British adults, people who rent their home as opposed to owning outright age faster than those experiencing unemployment or who’ve previously smoked. The study found that renting stress,…
Melbourne’s rental crisis continues to get worse. In fact, according to Sarah Petty’s article in real estate.com.au, there’s only one affordable suburb within 10km of Melbourne’s CBD for most renters. Just a year ago, a stretch from Footscray to Meadow Heights was affordable, with rent taking up 15-20% of the average household income of about…
As Aussie prepare for the upcoming bushfire season, what do insurance policyholders need to know to protect their interests? Insurance expert, Professor Michael Sherris from the School of Risk and Actuarial Studies at UNSW Business School said that bushfires are becoming more prevalent with increased temperatures. He further said: “This is something that is going…
It’s a universally acknowledged truth that you can’t have a successful property investment without tenants paying you rent regularly. But too many investors don’t put enough thought into who is the best person to professionally manage their properties – and many even try to do it themselves. Successful property investors, however, understand that they need…
What’s ahead for apartment vacancy and rent? Well, new data from CBRE research found that median rents are expected to grow by $120/week (+26%) between 2023-2028, across 53 precincts in Australian capital cities. In fact, a number of precincts are likely to see mid/high 30% rental growth. It is also expected that capital city vacancy…