The high demand and the low supply of stock been at a historic level this is creating a very challenging time for the tenants.
Units have been experience an acceleration in their rental growth (about time) they have finally reached a record high for the first time sinced 2013.
We have noticed that Eastern States investors are coming over here and snapping up a few apartments (we have sold four one bedrooms in the last 10 days) they would be a bit more serious now with the rental yields.
What we know for sure is though that we need a lot more investors to invest to try and get rid of this severe shortage (dont think its going to happen anytime soon).
If you have been thinking about buying an investment property now might be the time as Perth not only offers investors the second highest-yielding capital city in Australia, but we are also at a record high for Perth.
Go forth and invest give us a call to have a discussion (we may not have much left right now but we always get more stock coming in).
https://viviansrealestate.com.au/
MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!
SELLING MOSMAN PARK & THE WESTERN SUBURBS!!
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