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๐—ฃ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† ๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ผ๐—ฟ๐˜€ ๐—–๐—ผ๐—ป๐˜๐—ฟ๐—ผ๐—น๐—น๐—ถ๐—ป๐—ด ๐—ฅ๐—ฒ๐—ป๐˜๐—ฎ๐—น ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜

Rental properties listed on during the March quarter were filled in a record-low 18 days, compared to 22 days the year before, according to PropTrack.

That reflects how favourable conditions are for property investors in many parts of the country. Rental supply is low, while demand is high, which means investors are able to quickly fill empty properties and charge higher rents.

That said, while the average Australian rental property found tenants faster in March 2023 than March 2022, days on market fell in only three capital cities:

* Perth = from 16 days in March 2022 to 15 days in March 2023
* Melbourne = from 23 to 17 days
* Sydney = from 22 to 18 days

Meanwhile, days on market rose in the other capital cities, although still remained very low:

* Canberra = from 16 to 24 days
* Darwin = from 18 to 24 days
* Hobart = from 15 to 19 days
* Brisbane = from 16 to 17 days
* Adelaide = from 15 to 16 days

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

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