Tenants struggling in a fiercely competitive rental market are unlikely to get any relief in the coming months when international borders reopen, with new data revealing the number of vacant properties to rent is still at an all-time low.
Domain’s latest vacancy rate report showed it is very much a landlord’s market across most of Australia’s capital cities – the number of vacant rental listings is down in every capital city except Darwin – and rental conditions could become even more competitive once the borders open, according to Nicola Powell, Domain’s chief of research and economics.
“Outside Sydney and Melbourne, all rental markets are operating in favour of landlords,” Dr Powell said.
More competition in already tight rental markets means rent prices are likely to go one way – up.
The number of vacant rental listings available in November compared to the same time last year has fallen by 31.4 per cent in Brisbane.
Nationally, vacancy rates remained steady at 1.5 per cent over the month of November but most of the capital cities are at historical lows. Melbourne’s vacancy rate is at its lowest point since June 2020, Adelaide’s rental market is at its tightest since Domain records began in 2017 and Brisbane and Perth remain at historical lows.
Article extract sourced from Domain – December 2021
If you are looking to start or add to your investment portfolio, we have several properties with positive rental yields located in high demand areas currently For Sale. The Spring Hill apartment is our standout – a star performer in any market .
In our market whilst buyer demand is strong, rental demand is even higher. The properties that we have recently leased have all gone in the first week, with multiple strong applications. We have a list of tenants seeking rental accommodation in the area. If you have an investment property that isn’t performing as well as you’d like – let’s talk.
If you are looking to buy or sell, our door is always open – You are our focus.
Regards
Amanda
Amanda Butler – Principal
0438 767 439
FOR SALE
6/546 Sandgate Road, Clayfield
For Sale – Investor Alert
- 2 Bed, 1 Bath, 1 Car
- Strong rental return
- Central location
- Click here for more information
418/448 Boundary Street, Spring Hill
$379,000
- 1 Bed, 1 Bath, 1 Car
- Fully Furnished
- Positive rental yield
- Click here for more information
2/42 Hows Road, Nundah
For Sale
- 3 Bed, 1 Bath, 1 Car
- Ground floor north facing unit
- Strong rental return
- Click here for more information
4/47 Kent Street, Hamilton
For Sale
- 2 Bed, 2 Bath, 1 Car
- View by Appointment
- Currently rented $460 pw
- Click here for more information
224 Edinburgh Castle Road, Wavell Heights
For Sale
- 3 Bed, 1 Bath, 1 Car
- 736sqm with 20m frontage
- Blank canvas with city views
- Click here for more information
LEASED
4/99 Gillies Street, Zillmere
- 3 Bed, 3 Bath, 1 Car
- Leased in the first week with multiple applications
- Click here for more information
SOLD
127 North Pass, Tangalooma
- 4 Bed, 2.5 Bath, 1 Car
- Click here for more information
137A Alexandra Road, Clayfield
- 3 Bed, 1.5 Bath, 2 Car
- Sold off market
9 Royal Terrace, Hamilton
- 5 Bed, 3 Bath, 2 Car
- Sold off market
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