Rents rising fastest for large houses and small units
As any property investor could tell you, rents have grown strongly over the past year.
But when you drill down into the data, as realestate.com.au did, you discover that some types of rental property have been more in-demand with tenants than others.
Between the September quarters of 2021 and 2022, demand was higher for houses (which experienced an 11.1% annual increase in rents) than units (7.1%).
Drilling down further, by bedroom size, it turns out that houses with more bedrooms were more popular than those with less:
- 2 bedrooms 7.7% annual growth
- 3 bedrooms 9.3%
- 4 bedrooms 12.0%
- 5 and more bedrooms 11.4%
For units, the results were different:
- 1 bedroom 11.1% annual growth
- 2 bedrooms 8.4%
- 3 and more bedrooms 10.0%
Whether you want to buy an investment property to take advantage of these rising rents or buy your first home to escape them – I can help.
The most important part of buying a property is securing finance. I can compare home loans on your behalf, recommend a suitable lender, structure your loan correctly and manage the application on your behalf.
Reach out for a home loan.
Hit the button below to arrange a conversation with one of my loan specialists to find a deal that’s best for your situation.
We partner with over 50 lenders so you can find the perfect solution
Share on: