Rent values rose for the 35th consecutive month nationally in July.

Monthly rent growth has eased over the past four months though. Why is this happening you ask? There has been a shortage in property across the board to buy which has driven up Sales Prices. This has outpriced a lot of Mum & Dad investors. The boom in house prices over the past few years has also seen many investors cashing out as rental legislation has had its belt tightened.so we have fewer homes becomming available, that coupled with the constant population growth on the Gold Coast has caused a shortage of property available to rent.

What does it mean for you as an investor?

With interest rates predicted to fall in 2024, this may be the perfect time to be adding to your property portfolio.

What does this mean if you are a tenant?

You need to have your references in order & your rental history as clean as you can, we know times are tough but a great Rental Ledger is a sure fire way to earn extra brownie points with any Property Manager. Please ensure you are paying your rent on time and maintaining your current property well. Now more than ever what others have to say about you really counts. Be prepared to be in competition with many other applicants and go the extra mile to make a good first impression at the Open Home.

Contact us to find out more .

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