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๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐—ฅ๐—ฒ๐—ป๐˜๐—ฎ๐—น ๐—ถ๐˜€ "๐—™๐—ถ๐—ฒ๐—ฟ๐—ฐ๐—ฒ" ๐—ฟ๐—ถ๐—ด๐—ต๐˜ ๐—ป๐—ผ๐˜„

Over the past 12 months, national median advertised rents have jumped from $450 per week to a record-high $500, according to PropTrack.
PropTrack economist Angus Moore said the reason for this sharp rise in rents is not because property investors are passing through higher mortgage costs to their tenants.
Rather, it's because the supply of rental accommodation is too low.
"The rental vacancy rate โ€“ which measures the number of currently available rentals as a share of the total number of rental homes in Australia โ€“ is sitting at just 1.5% nationally. Thatโ€™s around half what it was pre-pandemic. That means rentals are hard to find, and competition for them is fierce when they come up," he said.
"With rental markets this tight, rents would be rising no matter what happened to interest rates."

Subiaco finance brokers are here to help

Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

The team at Sonam Capital are here to empower you through financial knowledge. Weโ€™ll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.

Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.

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