"If you want to understand the Australian property market, you need to understand rental vacancy rates"
LAST UPDATE: 23 NOVEMBER 2019
As supply starts to dwindle in Perth, Brisbane and Adelaide, vacancy rates fall.
Rental vacancy rates are an excellent and important indicator as to the amount of supply relative to demand for rental property, and can be a useful indicator in which way rents and prices are going to go.
But just as important as today's rate, is the trend. Using Perth as an example, the rate in August 2019 was 2.7%, which is getting to the high end, as anything over 3% needs careful monitoring.
In September it fell again to just 2.4%.
And just look how it has fallen since 2017, %, so the TREND is clearly down.
The time to buy is when the trend is down, but before the general public realise. It is better to move too early than too late.
CAN YOU GET A FIRST TIME BUYER GRANT? Hint: You, or your children, must be an Australian Citizen: read more here
CAN YOU ENJOY THE "LOW DEPOSIT" PURCHASE OPTION? Go here
THE 7 STEP BUYERS SYSTEM...SIMPLIFIED! Click here
PERTH INVESTORS ENJOY A 75% DUTY REBATE! But hurry. Read more here
EDUCATION REPORT NOW RELEASED! How buying can save you tens of thousands if your children will be educated "down-under" Read more.
New Loans for Home Buyers and investors are available.
TAX FREE INVESTING HAS NEVER BEEN EASIER IN AUSTRALIA. Read how here.