News

Annual falls in advertised median rents

Recent Data from RP Data Core Logic for the month of April shows weekly rents have fallen by -0.5% for capital city houses over the past year.  Largely this is due to substantial new housing supply and slowing population growth.  Statistics on some inner city houses have seen decreases in median rent by as much as;

-30.1% for Gilberton

-28.5% for Malvern

-14.5% for Burnside

-13.6% for Glenelg

We are pleased to report that whilst we are not seeing positive growth - the majority of our portfolio in the southern suburbs remaining steady with rent values. We imagine the extension of the train line, dual expressway and lower housing prices are seeing the south as a great place to live and invest which is keeping us safe. 

We have seen increased interest in Seaford Meadows where a huge number of investment properties have been built, offering tenants lovely new homes.  This has impacted some of the older homes in Seaford Rise where some houses are reaching 20+ years of age.  If you have a home in this suburb it may be time to consider a re-vamp.  Updating old floor coverings and window treatments with modern decor will help you keep your property 'desirable' and maximise your rental returns.  We are here to help with selections and quotations!