Welcome to 2013! A few months ago, Limnios Property Group had a record low of rental vacancies, at a rate of about 1%, well today that is well below that, standing at .02% - which means rents around the Perth CBD area are about to rise again!
If you have an investment property within 5kms of the CBD, you’d be doing yourself a favour getting a rental check done by a reputable agent, someone who knows the area well and has their finger on the pulse of real estate trends and the local economy.
Why? Because with the scarcity factor of rental properties in these areas, your investment could be worth more in the rental market than you think. So before you re-advertise or re-assess your tenants, make you aren’t undervaluing your weekly rental income. Finally, it’s not just about your property being worth more, a rental check can ensure that the terms and conditions are the best you can get and that you get the best tenants!
To read more about rental prices rising, have a look at my recent article on The Home Page. http://www.thehomepage.com.au/news/perth-rent-could-rise-by-up-to-20-in-2013/
