Residential Properties Still a Great Investment
This week is an important week for investors as it provides the closing opportunity to purchase and settle any new investment property prior to the end of financial year, 30th June. At Toop&Toop we encourage all of those able to consider investing their hard earned monies into bricks and water.
I have had Grant Wills, our Leasing Manager to give us a few words about his thoughts on the market: Grant says that with low vacancy rates for residential dwellings in Adelaide and an easing in the sales market, “now” has never been a better time for investors. Although we are experiencing a minor fluctuation in demand for residential property throughout the year, vacancy rates generally are remaining consistent at around 2.3% according to the Real Estate Institute figures, allowing investors to achieve strong return particularly now that the sales market has eased. The market still seeks properties in all categories from low value units to executive homes and would provide a great investment for prospective Landlords. Property presentation, realistic prices and good property management will ensure minimal vacancy in a market where prospective tenants continue to seek value and quality. Understanding these needs can further reduce vacancy rates and maximise financial return significantly. I completely concur with Grant’s thinking and feel that for moving into or upgrading rental portfolios the time could not be better. So let’s see you at the inspections this weekend.
I have had Grant Wills, our Leasing Manager to give us a few words about his thoughts on the market: Grant says that with low vacancy rates for residential dwellings in Adelaide and an easing in the sales market, “now” has never been a better time for investors. Although we are experiencing a minor fluctuation in demand for residential property throughout the year, vacancy rates generally are remaining consistent at around 2.3% according to the Real Estate Institute figures, allowing investors to achieve strong return particularly now that the sales market has eased. The market still seeks properties in all categories from low value units to executive homes and would provide a great investment for prospective Landlords. Property presentation, realistic prices and good property management will ensure minimal vacancy in a market where prospective tenants continue to seek value and quality. Understanding these needs can further reduce vacancy rates and maximise financial return significantly. I completely concur with Grant’s thinking and feel that for moving into or upgrading rental portfolios the time could not be better. So let’s see you at the inspections this weekend.
