Month on month national vacancy rates have fallen, with October falling to a record-low 0.8%. This means that for every 1,000 rental properties in Australia, just 8 are currently vacant. A Property Investment Professionals of Australia (PIPA) survey found that roughly 269,000 QLD investment properties were sold in the 2 years to August 2022. More than 160,000 of these were taken out of the QLD rental market, reducing available rental stock by roughly 29%. Simultaneously, QLD has had the largest net interstate migration, with 31,000 net migrants to March 2021 and 54,000 to March 2022 - 84,858 people net since March 2020. This has resulted in QLD rents increasing by 25% in the last 12 months alone. The federal government has now opened international borders and is trying to drive international migration, which will only exacerbate the rental shortage. The only permanent solution to this crisis is you, the property investor. With the current shortage, there are great opportunities for you to capitalise on high rental yields. EXTRACT THANKS
MRD Finance
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