Rental Market Update July 2019 | Property Insiders Video

Want to know what’s going on with the rental markets around Australia?

Watch today’s short (4 minute) video where Dr. Andrew Wilson presents the latest rental market data.

Overall, the rental market remains quite mixed.

Both the Sydney and Melbourne property markets continue to experience the dampening impact of the many properties bought by investors over the last few years along with a substantial ramp-up in new apartment supply, much of which was purchased by investors.

Darwin and Sydney have the highest vacancy rates in the country, both close to 3%.

A 2% vacancy rate is what would normally be considered a balanced market.

Rents are unlikely to increase substantially until vacancy rates fall below 2%, so there is likely to be only moderate rental growth in the coming months

June19vr

Asking rents for houses have increased over the last month in Sydney and Melbourne, and interestingly asking rents for houses and units have increased in Darwin.

June19rents

fact: our markets are on the move
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About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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