1 minute read

Rental data highlights emerging property investment opportunities

Rental data highlights emerging property investment opportunities

by Emma Ryan | December 04, 2019 | 1 minute read

New data derived from Coronis has showcased the new opportunities actively becoming available for property investors, particularly when it comes to South East Queensland.

Jodi Ford
December 04, 2019

According to Coronis, the SunshineSunshine, NSW Sunshine, VIC State is embracing its lowest vacancy rates in over a decade, providing ample opportunity for investors looking to build on their property portfolios.

Coronis property management director Jodi Ford said that despite recent RBA cuts motivating tenants to purchase their own homes, it won't limit the amazing opportunities for property investors.

“With the increasing tenant migration from NSW and Victoria coming to enjoy our sunny lifestyle, there’s a strong performance in the market with the lowest vacancy rate of 1 to 1.5 per cent that weve experienced in the last 12 months across our offices,” she said.

“While there are some interesting changes in vacancy rates due to recent RBA cuts, as our data demonstrates, it doesnt affect investments, creating a promising opportunity to get a great return on investment properties with such low vacancy rates.

“Our state is becoming more attractive than ever, with Brisbanes major developments like the new Moreton Bay University, Queens Wharf and Brisbane Airports new lane contributing to a 10 per cent increase in enquiries for rental properties from the beginning of the year.”

Ms Ford noted that the opportunity is set to ramp up as we move into 2020.

“Looking further, our properties in Brisbane South get rented before the current tenants move out, while for Brisbane North, weve been able to find tenants in less than 10 days in Bracken Ridge, Mooloolaba, and North Lakes despite the increasing rent,” she said.

“In North Lakes, in particular, were seeing a strong competition over rental properties that boosted the rental price by $15 per week, with properties renting in just a few days compared to this quarter last year.

“As we’re seeing such phenomenal results across SEQ, its an excellent opportunity for investors to get their hands on a property here in Queensland.”

About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of content at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]com.au

Rental data highlights emerging property investment opportunities
Jodi Ford
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