Australia recorded a national vacancy rate of just 1.0% in June, according to SQM Research, which means the rental market is strongly favouring property investors.
Over the past 12 months, the vacancy rate has fallen from 1.7% to 1.0%. As a result, there is now only one vacancy for every 100 rental properties.
Extraordinarily, the vacancy rate is even lower in six of the eight capital cities.
When the vacancy rate is so low, it’s easy for property investors to find quality tenants for their property, because demand is so high.
In that kind of landlord’s market, rents tend to rise, because tenants are willing to pay more money to ensure they have somewhere to live.
If you’d like to buy an investment property, I can help you secure finance. While prices are softening in some markets, that can actually be a blessing in disguise, because it means you’ll face less buyer competition.