The average weekly rent in Australian capital cities increased by 2.7% on average last year and is predicted to jump in the next twelve months due to low vacancy rates. Which strengthens the argument for buying - whether to live in or to rent out.
Investors are coming back into the market: a recent NAB survey says 33% of purchases will be by investors in the next year. Lower returns on the stock market make property look attractive and many people feel pretty comfortable doing their own research, unlike shares. (If you aren't one of them, consider talking to a property advocate.)
Also notable is the alleged raid on Melbourne property by cashed up sandgropers. (If you know any, refer them to us!) The property market there has gone backward of late, unlike the Vic capital which crept up 2.5% last year..
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