{"id":1431,"date":"2022-01-06T04:56:58","date_gmt":"2022-01-06T04:56:58","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/rental-markets-still-in-favour-of-landlords-2\/"},"modified":"2022-01-06T04:56:58","modified_gmt":"2022-01-06T04:56:58","slug":"rental-markets-still-in-favour-of-landlords-2","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/rental-markets-still-in-favour-of-landlords-2\/","title":{"rendered":"Rental markets still in favour of landlords"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

\n
\n

\"Despite<\/p>\n

Rental markets across Australia remained tight at the end of 2021 despite an increase in vacancy rates. <\/span><\/p>\n

Domain\u2019s latest report showed a marginal increase in Australia\u2019s vacancy rate to 1.7%, but this figure was still lower compared to previous years. <\/span><\/p>\n

The increase in vacancy rates was driven by all capital cities save for Hobart and Adelaide<\/a>, whose vacancy rates held steady at multi-year lows.<\/span><\/p>\n

On a yearly basis, only Darwin<\/a> registered an increase in vacancy rate. <\/span><\/p>\n

\t\t\t\t \t\t\t\t<\/p>\n\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n
Dec-21<\/td>\nNov-21<\/td>\nDec-20<\/td>\nMoM \u2206<\/td>\nYoY \u2206<\/td>\n<\/tr>\n
National<\/td>\n1.7%<\/td>\n1.5%<\/td>\n2.4%<\/td>\n\u2191<\/td>\n\u2193<\/td>\n<\/tr>\n
Sydney<\/td>\n2.6%<\/td>\n2.3%<\/td>\n3.7%<\/td>\n\u2191<\/td>\n\u2193<\/td>\n<\/tr>\n
Melbourne<\/td>\n3.2%<\/td>\n3.0%<\/td>\n5.2%<\/td>\n\u2191<\/td>\n\u2193<\/td>\n<\/tr>\n
Brisbane<\/td>\n1.3%<\/td>\n1.2%<\/td>\n1.8%<\/td>\n\u2191<\/td>\n\u2193<\/td>\n<\/tr>\n
Perth<\/a><\/td>\n0.6%<\/td>\n0.5%<\/td>\n0.9%<\/td>\n\u2191<\/td>\n\u2193<\/td>\n<\/tr>\n
Adelaide<\/td>\n0.4%<\/td>\n0.4%<\/td>\n0.7%<\/td>\n\u2013<\/td>\n\u2193<\/td>\n<\/tr>\n
Hobart<\/td>\n0.3%<\/td>\n0.3%<\/td>\n0.5%<\/td>\n\u2013<\/td>\n\u2193<\/td>\n<\/tr>\n
Canberra<\/td>\n1.0%<\/td>\n0.9%<\/td>\n1.3%<\/td>\n\u2191<\/td>\n\u2193<\/td>\n<\/tr>\n
Darwin<\/td>\n1.3%<\/td>\n0.9%<\/td>\n1.0%<\/td>\n\u2191<\/td>\n\u2191<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n
\n
Data provided by \"domain\"\/<\/a><\/div>\n<\/div>\n<\/div>\n

\t\t\t<\/div>\n

Domain chief of research and economics Dr Nicola Powell said despite the slight increase in the number of available rental properties in December, conditions continue to point to a landlord\u2019s market.<\/span><\/p>\n

\u201cEarly in 2022, it\u2019s likely we\u2019ll see decreases in the number of vacant rental properties as strong historical rental demand in January reduces the number of vacant rental listings,\u201d Dr Powell said.<\/span><\/p>\n

The case, however, could be different for Sydney and Melbourne, where vacancy rates have risen the most among all capital cities. <\/span><\/p>\n

Sydney recorded its second month in a row of rising vacancy rates up to 2.6%, the highest level since May 2021 and the same rate achieved in March 2020. <\/span><\/p>\n

At the end of December, the city recorded a 13.8% increase in rental listings. <\/span><\/p>\n

In Melbourne, vacancy rate hit 3.2%, which ended the downward trend that included four consecutive months of declining vacancies. <\/span><\/p>\n

While Melbourne\u2019s vacancy rate is lower on a yearly basis, it remained significantly elevated, roughly twice as high as pre-COVID levels. <\/span><\/p>\n

\u201cIt will be interesting to see what 2022 brings and if there is a shift towards a landlord\u2019s market in the two biggest property markets,\u201d Dr Powell said. <\/span><\/p>\n

\u201cRental markets will be under further strain as borders reopen and the flow of international students, overseas migrants and expats resume.<\/span><\/p>\n

\u201cSydney and Melbourne are likely to be under greater pressure as historically they have welcomed more overseas migrants than other cities.\u201d<\/span><\/p>\n

\u2014<\/span><\/p>\n

Photo by @apriiil on Unsplash.<\/span><\/p>\n<\/p><\/div>\n


\n Top Suburbs :
\n
\n
\n torrensville<\/a>
\n
\n ,
\n
\n penrith<\/a>
\n
\n ,
\n
\n goulburn<\/a>
\n
\n ,
\n
\n revesby hts<\/a>
\n
\n ,
\n
\n willliamstown<\/a>
\n \n<\/p>\n<\/p><\/div>\n

\n
\n


\n Get help with your investment property<\/h3>\n

Do you need help finding the right loan for your investment?<\/strong><\/p>\n

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.<\/p>\n

Just fill in a few details below and we’ll then arrange for a local mortgage broker\u00a0to contact you and work out what features or types of loans are right for your needs. We’ll even help with the paperwork. Plus an\u00a0appointment is free.<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n

<\/p>\n

\n We value your privacy and treat all your information seriously – you can check out
\n our privacy policy here<\/a><\/div>\n<\/div>\n