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Ron Pestana |
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Fai Nguyen (Eddie) |
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Dragan Bondzulic |
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Lee Knutsen |
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Chee Yap |
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Rajen Kantaria |
What our clients are saying
Landlords’ future still looks rosy!
The rental market is producing good rental yields as more residential property developments have increased the number of investors trying to get into the market, according to a survey by the National Australia Bank (NAB). The NAB’s chief economist, Alan Oster, noted a seven per cent rise in the number of people planning to invest over the next 12 months. The survey predicts rents will increase Australia-wide by 3.5 per cent by the end of 2011 and by 5.25 per cent by March 2013. On a state-by-state basis, Western Australia and New South Wales will see the strongest ncreases with South Australia, the Northern Territory and Queensland experiencing smaller increases. RP Data statistics also show an improvement for residential property investors. RP Data analyst Cameron Kusher expects this improvement to continue over the remainder of this year, especially within cities. “Capital city vacancy rates remain tight, first home buyers remain relatively inactive, interest rates are at higher levels and new supply coming online has eased markedly in recent months,” he says. “Limited new development during 2011 is likely to add to the upward pressure on capital city rental rates and as a result we expect capital city rental growth to revert to around five year average levels with inner city units and outer more affordable housing stock having the strongest prospects for rental growth”. |
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