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.
Buy just as important as today's rate, is the trend. Using Perth as an example, we can see that the rate in August (last available figures) is 2.7%, which is getting to the high end, as anything over 3% needs careful monitoring.
In May this year, 2019, it was 3.2%, October 2018- 3.4%, and January 2018 -4.1%, 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.
Wish to understand more about how to understand the Australian real estate market:
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.