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๐—ฅ๐—ฒ๐—ป๐˜๐—ฎ๐—น ๐—”๐—ฐ๐—ฐ๐—ผ๐—บ๐—บ๐—ผ๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ฆ๐—ต๐—ผ๐—ฟ๐˜ ๐—ฆ๐˜‚๐—ฝ๐—ฝ๐—น๐˜†

Supply and demand strongly favour property investors right now, with the national rental vacancy rate coming in at a record-low 0.8% in November, according to Domain.

November was the third consecutive month the vacancy rate had been at that level.

โ€œA chronic undersupply of rental stock coupled with strong overseas migration and rising property prices against increasing demand are driving the competitive nature of the rental market,โ€ Domain said.

There was a silver lining for tenants: the average number of people viewing each rental listing fell 9.3% between October and November, suggesting an easing of competition among tenants.

โ€œHowever, a significant boost to rental stock is still required before we see a more balanced market (a vacancy rate of 2-3%). Increased investor activity and more development are needed to drive a surge in rental stock,โ€ Domain said.

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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