The rate of rental growth has now surpassed the rate of house price growth (13.5%) during the same period. Nationally the median rent is now $508 per week while the vacancy rate is 1.7% in a market
SQM Managing Director Louis Christopher says the current rate of rental growth is the fastest Australia has experience since the seventies.
“It is fantastic for new investors,” he says. “They’re entering a market where rents have been rising and are still rising, and they can buy in on a yield well above the average lending rate right now.
“That means there are hardly any negatively geared property opportunities out there.”