Friday, March 22, 2013

The Current Rental Market

When I am not being asked about sales, the next question is ‘what is happening in the rental market?' and 'is now the time to buy an investment property?'
Activity in the investment market has been quite flat but with positive signs in the share market and interest rates low a lot more enquiry and interest is now being generated.

When looking at where you might like to buy always look at the average rental yield, try to purchase 20% below the median price and make sure your cash flow projections cover items like repairs, body corporate, tenant placement costs etc.
The median rent for metropolitan Adelaide sits at $340.00, with the average time taken to rent in SA being 30 days (December quarter).

Properties are now taking less time to rent than in the September quarter. By comparison in Tasmania it is 40 days and in WA it's 25 days.

Contact us at anytime and we will be happy to assist in advising regarding any properties you may be considering as an investment.

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