๐จ๐ป๐ถ๐ ๐ฟ๐ฒ๐ป๐๐ ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ถ๐ป๐ด ๐ฎ๐ ๐ฟ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ ๐ฟ๐ฎ๐๐ฒ๐
These are golden times for property investors who own units.
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Across Australia, the median unit rent jumped 13.7% in the year to February, according to CoreLogic, the highest annual growth on record.
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Amazingly, this rental surge is accelerating not decelerating โ after unit rents rose 1.0% in January, they rose another 1.2% in February.
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The strong demand for rental unit accommodation is due to a limited supply.
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The national unit vacancy rate (which captures the share of untenanted units) was a record-low 0.9% in February. That included record-lows for Adelaide, Melbourne, Perth and Sydney.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
