For any landlord with an investment property, your property manager should be your greatest asset. While it’s always possible to manage your own property, it can be so much smoother to have a professional do it for you. They can help you find the best tenants, manage (and chase) rent collection, keep up-to-date on maintenance…
Inner-city Melbourne apartment rents have fallen by nearly 25% over the last 2 years. And since the pandemic started inner-city Sydney apartment rents fell 7.7%. Of course, this was related to the impact of the border closures on these rental markets. Source: Proptrack So will international borders reopening revive inner-city rents? That was the theme…
Melbourne house rents jumped by $15 (3.5 per cent) over the quarter to a new record high of $445 a week according to Domain’s latest Rental Report. This is the first quarterly increase since September 2020. Despite the rise, Melbourne remains Australia’s most affordable capital city to rent a house, recording the weakest annual growth…
While our property markets have boomed over the last year with the strongest rebound in property values for decades, the rental property market has been more subdued. Domain’s recent Rental Market Report gives a great insight into what’s happening in our property markets around Australia. And there have been some significant changes across the country….
An ongoing shortage of rental homes across Melbourne continues to place upwards pressure on rents that is seeing some areas of the city record annual price growth. Although current Covid-19 restrictions may act to reduce demand for rentals in the shorter term, the easing of restrictions and re-opening of borders will return markets to their…
Queensland is facing a crisis of lack of rental accommodation with almost 80% of Queensland’s rental market experiencing extremely low vacancy rates. According to the REIQ, nearly two-thirds of local government areas in Queensland have recorded their lowest or equal lowest residential vacancy rates since 2010 as the state’s rental market continues to tighten. And…
New South Wales renters struggling to make ends meet during the COVID-19 lockdown will be protected from being evicted. A 60-day moratorium on evictions has been announced in New South Wales, and NSW landlords will be incentivised to reduce their rents for COVID-19-affected tenants. NSW Premier Gladys Berejiklian and Treasurer Dominic Perrottet have revealed “a…
Rents are on the rise and the average Australian house now costs a record $477 a week to rent, according to Domain’s most recent rental report. Lockdown lifestyle changes and the resilience of working from home contributed to June quarter increases in every major city bar Melbourne and Sydney. Thanks to a strong Adelaide rental…
As with any asset class, real estate comes with its own set of cautionary tales about the potential hazards and pitfalls. At the moment all we hear in the media is how property prices are booming and will continue to do so in the foreseeable future. So it’s easy to get caught up in the…
Australia’s rental markets are tightening with the vacancy rate falling in May for the second consecutive month nationally and now sitting at 1.7 per cent according to Domain’s May Vacancy Report. The last time national vacancy rates were this low was in February 2020, the month before the COVID pandemic caused widespread lockdowns. This is…
