Balance of power tips further in landlords’ favour
It’s a great time to be a property investor, with vacancy rates falling throughout Australia.
Vacancy rates fell in six capital cities between December and January, and held steady in the other two, according to new data from SQM Research.
Sydney and Melbourne are currently tenants’ markets, even though vacancy rates are falling. However, the balance of power favours landlords in the other capitals.
If you’re a property investor and there’s a limited supply of rental accommodation:
- it’s easier for you to find tenants
- it’s easier for you to raise rents
Another reason it’s such a great time to be a property investor is that with interest rates at record-low levels, there’s a good chance your property’s income (rent) will exceed the expenses (mortgage payments, property management fees, maintenance and insurance).
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