To illustrate how investment activity has surged in recent times, investors borrowed 67.8% more in January than the year before.
This increase has occurred throughout the country, with investment activity increasing by:
· Queensland = up 94% over the year to January
· South Australia = 81%
· Victoria = 67%
· New South Wales = 64%
· Western Australia = 56%
· ACT = 42%
· Northern Territory = 33%
· Tasmania = 32%
Australia’s vacancy rate (the share of untenanted rental properties) is at an incredibly low 1.1%, according to the latest data from Domain.
That means most property investors are finding it easy to secure quality tenants. It also gives many investors the chance to raise rents, because demand for rental accommodation is so high right now.
