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April 2020 Rental Market

The rental market in Australia is constantly changing and keeping up to date as a property investor is crucial. Find out more about the status of the Australian rental market.

April has seen steady interest in rental properties as people relocate from interstate for work and education. On a whole the mining towns have been experiencing the highest rental return with and low days on market. City locations are achieving the lowest days on market in Australia with most fairly priced rental properties being tenanted within 14 days of listing. This of course depends on the marketed price, but property managers are fast adjusting rent prices based on market feedback. If you are a property investor and you currently have a rental property being marketed, it is important to take heed of the pricing advice offered by your property manager as this will help reduce any excess days on market.

Rental Market Roundup

Brisbane Rental Market - The Brisbane rental market is fairing well with a large number of city dwelling workers and students filling vacant properties across the CBD and into the surrounding inner suburbs.

Ipswich Rental Market - Ipswich has been boasting an increase in rental demand caused by strong employment opportunities, particularly in the trade industry, as well as a plethora of schooling opportunities for young families.

Sydney Rental Market - In Sydney the rental market is picking up with strong demand for units and apartments close to the CBD and in areas such as Surry Hills.

Sunshine Coast Rental Market - The Sunshine Coast is attracting southern based families in search of a change and pleasant weather. Sunshine Coast property managers are reporting a clear increase in young families relocating for school and a lifestyle change.