Vacancy rate and rental report March 2020 | Property Insiders

While property investors are interested in the prevailing interest-rate, the capital growth of their properties, it also keen to know what’s happening to rents and vacancy rates.

Following a number of years of sluggish rental growth, rents are starting to rise with all capital cities around Australia showed a tightening of their vacant vacancy rates, but this was in part due to seasonal factors.

Vacancy rates mar20

 

The Sydney property market continues to tighten after a long period of low rental growth and high vacancies, but other than Darwin, it still has the highest vacancy rate of all the capital cities – 2.6% for houses and 4.2% for units. Sydney+suburbs

Vacancy rates in both Brisbane and Perth continue to tighten, while in Canberra Hobart Brisbane Melbourne Adelaide the competition for the available accommodation by prospective tenants is lowering the vacancy rates.

Moving forward the surging first homebuyer market will reduce the demand from tenants and put extra pressure on vacancy rates and upward rental movements.

On the other hand, the dwindling supply of new apartments and subdued investor activity will decrease the supply of new rental accommodation to help balance the equation

Our rental markets

Our rental market remain soft over the past year as all capital cities recorded only steady or slightly higher rentals with the exception of house rentals in Sydney and Darwin.

Rents mar20

Canberra clearly remains the most expensive capital for house rentals while Perth remains the most affordable capital city.

House rents fell over the month in Sydney and Melbourne but increased in Hobart and Canberra while remaining steady in the other capital cities.

Unit rents fell over the last month in Brisbane, Canberra and Darwin while the increased in Melbourne and was sitting in the other capital cities.

If you’re looking at buying your next home or investment property here’s 4 ways we can help you:

Sure many of the property markets around Australia are performing well, but correct property selection is even more important than ever, as only selected sectors of the market are likely to outperform.

Why not get the independent team of property strategists and buyers’ agents at Metropole to help level the playing field for you?

We help our clients grow, protect and pass on their wealth through a range of services including:

  1. Strategic property advice. – Allow us to build a Strategic Property Plan for you and your family. Planning is bringing the future into the present so you can do something about it now! Click here to learn more House Model On Top Of Stack Of Money As Growth Of Mortgage Credit, Concept Of Property Management. Invesment And Risk Management.
  2. Buyer’s agency – As Australia’s most trusted buyers’ agents we’ve been involved in over $3Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney and Brisbane bring you years of experience and perspective – that’s something money just can’t buy. We’ll help you find your next home or an investment grade property.  Click here to learn how we can help you.
  3. Wealth Advisory – We can provide you with strategic tailored financial planning and wealth advice. Click here to learn more about we can help you.
  4. Property Management – Our stress free property management services help you maximise your property returns. Click here to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years and our properties lease 10 days faster than the market average.

Source of all data and graphics: Dr. Andrew Wilson – My Housing Market

icon-podcast-large

Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.

icon-email-large

Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Michael Yardney

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 one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media. Visit Metropole.com.au


'Vacancy rate and rental report March 2020 | Property Insiders' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts