With interest rates falling, prices of property decreasing, and rents slowly rising, the Australian rental market is beginning to gain some momentum. Recent newspaper reports in Australia, buyers in syndey and melbourne can now purchase properties with better yields than 6 months ago, with improvements in rental yields now meaning that rents will cover mortgage payements - a sure sign that the market will continue it’s gentle increase in popularity. As reported earlier in the articles section, Australian rental properties and yields remain robust.
Small inner city apartments, and homes in cheaper suburbs are the most popular choices for landlords looking to make wise investments, and return on their intial layout costs. At the more affordable end of the market, rents are still allowing good returns, and vacancies are few and far between - it’s still a market that is offering shrewd investments choices, in Australia at least.
Those who wish to delve into the market should make sure they have plenty of equity to support their purchases though, as prices may still fluctuate for the next year or so, making re-financing difficult to obtain. Those investing should understand that investing in property right now, is very much a long term call.
Australia remains a popular country for immigration for europeans searching for sunnier climates, with Queensland being the favourite destination of choice.