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 indemand 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 compared to units at 7.1%.
Drilling down further, by bedroom size, it turns out that houses with more bedrooms were more popular than those with less.
Annual Growth:
- 2 bedrooms 7%
- 3 bedrooms 3%
- 4 bedrooms 0%
- 5 and more bedrooms 4
For units, the results were different.
Annual Growth:
- 1 bedroom 1%
- 2 bedrooms 4%
- 3 and more bedrooms 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. As well as looking at all the current government entitlements that are applicable to your situation to help you get into a property sooner.
Reach out for a home loan by contacting me on 0418 903 954 or donna-lee@celsius.com.au
Warm Regards,