Why Now Is High Time For Investors To Break Into The Market

The current conditions of rental markets in the Gold Coast, Brisbane, Sydney, and Melbourne could indicate that it is high time for property investors to act.

PRD Real Estate released its latest affordability report and found that rental markets in some of the biggest regions are starting to show favourable conditions to potential investors who want to beef up their portfolios. Over the rest of the year, the Gold Coast is expected to have the most favourable conditions for investors.

Rental yields on the Gold Coast hit 4.6% in March, at the time when the median weekly house rents increased annually by 20.6% to $720. Rents on the Gold Coast went up at a higher rate than median sale prices, which grew by 16.8%. Rental properties on the Gold Coast only took 17 days on average before becoming occupied again. This helped maintain the region’s vacancy rate at 0.4%, which is considerable compared to the other major rental markets.

“Gold Coast Metro’s vacancy rate is the lowest compared to Brisbane, Sydney, Melbourne, and Hobart; and showcases a historical low in the past 24 months — this should provide greater confidence to investors,” the report said. “Now is the time for investors to act, to capitalise on a slower selling market and higher rental demand.”

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