Rents set to skyrocket
By Andrea Lavigne
|
30 Nov 2009
High demand and low apartment vacancy is expected to push rental rates up sharply for the next two years.
BIS Shrapnel's Residential Property Prospect, 2009-2012, forecasts an annual rate rise of 5% in the country's major cities.
The report indicates the worst city will be Sydney, which will have a vacancy rate of under 1% next year and rents will rise by 7%.
Investor demand and the increased number of renters becoming home owners is expected to drive up house prices.
Related stories:
Investors rush noted by comparison website - Research carried out by comparison website HelpMeChoose.com.au has confirmed that investors are indeed rushing back into the market.
Broker news forum is the place for positive industry interaction
and welcomes your professional and informed opinion.
Win a media advertising package worth over $10,000!
Have something interesting to say? The best comment of the month as judged by the
Key Media editorial team will receive a personal profile on Broker news and
in Australian Broker magazine as well as the opportunity to advertise their
business in the nationally circulated Your Mortgage magazine! To enter the competition, you must login with your Broker news username and password. If you are not already a member, sign up now!
Post a comment
Broker news welcomes your contribution. Your IP address is recorded in the event
of a complaint.