How did Australia wind up with the tightest ever rental market? Well, it has been the culmination of a number of decisions over a number of years that have created the tightest rental market on record – and there’s no quick or easy way out of it. If we go back to 2014, investor borrowing…
Australia’s rental market is booming, with rental rates surging across the country as tight supply and record-low vacancy rates push competition for rental properties to a crisis point. At the same time, record levels of internal migration to locations such as Brisbane and Greater Queensland have further exacerbated the supply-demand imbalance in many areas. New…
There is currently more pressure on our inner-city rentals due to the opening of our international borders earlier this year. Net permanent & long-term arrivals, which are a timely monthly proxy for Australia’s net immigration, have surged. Tenants’ conditions remain tough Home prices are falling around the country on the back of rapidly rising interest…
House and unit rents across the combined capital continue to reach new record highs, according to Domain’s Rent Report for the September quarter. In fact, combined capital city house rents are up by 1.9% over the quarter, and 12.8% annually, while unit rents are up by 6.5% over the quarter, and 16.7% annually. Why is…
When it comes to residential property management, there are several rules and laws that must be followed in order to ensure landlords don’t end up facing a cantankerous residential tenancy tribunal judge. One of the areas that can create confusion is lease renewal and the termination of tenancies. This is why it’s so important to…
Australia’s population grew by 0.9 per cent in the year to March 2022, according to the latest data from the Australian Bureau of Statistics (ABS). Beidar Cho, Demography Director at the ABS, said that with the softening of international border closures, net overseas migration added an estimated 110,000 people to the population. “After two years…
You’ve probably seen scenes like it on a late-night police reality show. Officers storm into a property and uncover marijuana plants, hydroponic lighting set-ups and a cache of guns and cash. But what if you had to do a double-take when you realised that the front door they just broke down belonged to your very…
Is the Australian rental market heading to more challenging times? According to REA’s senior economist, Eleanor Creagh, “a perfect storm is brewing that will likely see the already stretched rental market placed under further strain, causing prices to climb higher.” In fact, right now, the labour market is under intense pressure, with the unemployment rate…
We know that rentals have shot up lately as most of Australia is experiencing a rental crisis. But looking back over the last decade, inflation has outstripped rental growth, so we’re really only experiencing a catch-up in rentals. The Property Investment Professionals of Australia (PIPA) and the Property Investors Council of Australia (PICA) have found…
Some people argue that buying a property is the most stressful part of the investment journey. But some find the property settlement process when the property is legally transferred from one party to another, a harrowing time. You have to rely on a team of conveyancers or solicitors, your finance broker, and your property manager…
