Vacancy rates remain high!

TPN PropBay  |  TPN RentBay 

The sentiment around residential rental properties is undeniably sluggish at the moment. The last 3 years has seen a steady decline in demand for residential properties coupled with a consistent increase in the supply of properties - a market in equilibrium. 

Adding to the depressed mood, vacancy rates remain persistently high at 8.64% and escalations low at 4.85% and tenant good standing continues to decline at a current level of 81.8%.

Notwithstanding all of the above, there are pockets of excellence and rental portfolios achieving well above the overall national average. Drilling down into the different value bands and regional segments of the market produces informative trends for investors to analyse their existing and future portfolios.

Referring to the data below allows investors to select market segments based on their individual levels of risk appetite and to identify opportunities where markets are performing above average. 

Importantly, exciting opportunities may exist if you are able to access data on a suburb level in a province that is experiencing muted market strength overall. Even more exciting is that you can now access a more granular view on a suburb level by creating your own TPN Property Report here.

Please click here to see the 2019 Q1 Vacancy Report

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