As many will be aware, property prices have increased substantially in recent years, particularly in Sydney and Melbourne. However rents have not shown a similar increase. We have begun to see noticeable tightening in the availability of properties to rent & this can be expected to lead to rent increases in the period ahead.
Sales price increases last 3 years Rental increases last 3 years
Sydney 56% 10%
Melbourne 32% 6%
[Source: Market Facts, June quarter 2015 and June quarter 2012. Median house prices. Median rental]
At the same time there are early signs of a softening in the purchase markets, which may give rise to better buying opportunities.
Help and advice with buying property.
For those who are considering purchasing, Woodhams Property Buying can help save time and achieve better results. For more information please visit www.sydneypropertybuying.com.au or contact Lucy Bulla at firstname.lastname@example.org or telephone 02 9955 3300.