First homebuyers have added impetus to make a deal before the end of the year with new data showing that rents are on the rise again. The average rent is now $702 a week in Australia’s capital cities, which is 25% above the five-year average. Regional rents, while less expensive, are still not cheap. The…
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The rental shortage that caused such an outcry in the aftermath of Covid is back with the national vacancy rate at just 1.47%. Scarcity of rental properties is forcing many Australians to look for new, longer term leases for fear they are going to have their current ones terminated by landlords seeking higher rents. A…
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Home-hunting takes on an extra dimension when you are a pet-lover and you need somewhere that’s suitable for your dog or cat. According to data from the RSPCA, Australia has one of the highest percentages of pet ownership in the world. Some 69% of occupiers have a pet, with 48% owning a dog and 33%…
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With rental markets super-tight across Australia, it’s easy for investors to take the foot off the pedal and assume they’ll find a great tenant, and the rental income will keep rolling in. Perhaps that’s true for some, but most investors need to work a little harder to find good and loyal tenants who’ll respect the…
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With rental markets super-tight across Australia, it’s easy for investors to take the foot off the pedal and assume they’ll find a great tenant, and the rental income will keep rolling in. Perhaps that’s true for some, but most investors need to work a little harder to find good and loyal tenants who’ll respect the…
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With rental markets easing in many parts of Canada, investors cannot assume they’ll easily find a great tenant and the rental income will keep rolling in. Perhaps that’s true for some, but most investors need to work a little harder to find good and loyal tenants who’ll respect the property. A rental house or apartment…
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Every cent counts when you’re saving for a deposit on your first home – and the ability to negotiate a competitive rent during this period can make a significant contribution to your financial progress. You should not underestimate your negotiating power when either renewing an existing lease or seeking a new rental. Zillow says that…
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The large rent hikes Canada has experienced since the pandemic are finally coming off the boil. Rents are not falling but the rate of growth is tapering down, slowing to 5.4% from a historic peak of 8% in mid-2023. That means investors have not only enjoyed record levels of rental income but will continue to…
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Homes with the five bedrooms or more have seen average rental growth nearing 10%, according to the industry researcher, CoreLogic. Its finding indicates some renters are starting to pool their resources, or they’re willing to live in homes with total strangers. CoreLogic reports that rental growth for homes of five-bedrooms or more have risen 8.7%,…
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The cost of rents is slowing but continues to grow at more than twice the level of our 2.5% inflation rate, according to the new National Rent Report released by Rentals.ca. Average monthly rents are now $2,201 with increases registering in Vancouver and Toronto. While the growth in rental costs is at its slowest for…
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