National residential property rental vacancy rates are at their lowest level since 2006 and regional Victoria’s vacancy rate currently sits at 1.6%. This tight market has seen rents in 2022 increase by as much as 10 per cent, at a time when inflationary factors are hitting household staples such as food and petrol.
With demand for rental properties so strong, now is a great time to invest. Rising interest rates are forecast to push prices down and the prospect of higher rents and capital growth over the long term create a perfect opportunity for investors to take advantage of these combined market forces.
Investing in property is a proven path to long time wealth and our Property Management team is experienced and committed to assisting our clients maximise their returns. If you are thinking of buying an investment property, we would be pleased to assist you with advice including estimated rental return and minimum standards of condition as required by the legislation.
Enjoy your long weekend!
Until next week,
Nick Lord (Director)