Australian capital cities are seeing all-time high rent, with a record increase of 11.7% in the past year. With Sydney remaining the most expensive capital to rent, the rent in all capital cities continues to soar, whereas the vacancy rates stay well below the average rate of 3% to 5%. All in all, rental property demand keeps surpassing its supply. Rental rates in these cities are expected to rise persistently. This means now is the perfect time to invest in the leasing market.
Time to act now! Consult Insight Property Wealth for professional advice on the best way to harness the potentials. Our experts have an in-depth understanding of the real estate market that helps you customise your property portfolio. Have a chat with us and we will assist you to make the fruitful first step!
