What if there are too many Investors, where will I find Tenants?

About one-third of Australians are tenants. The last three decades has seen a steady upward trend. There are a number of reasons for this. Some people are saving. Some prefer to share and live in comparative luxury. Still others, particularly the increasingly mobile sector of society, find renting more convenient.

Capital cities enjoy the highest occupancy rates. But there’s no point investing in a capital city if you have a run-down, unattractive property. Reasonable rent, position, facilities, maintenance and proximity to local amenities are paramount considerations to a prospective tenant. And regional shifts are of prime importance. The northward migration to Queensland continues unabated, which means more and more demand for housing and consequently for rental properties.

A few facts, Most people (MLC Survey) believe property to be the best investment option. However, according to the Australian Bureau of Statistics, only 6% of the population invest in property. When you consider 90% of the nation’s wealth lies in the hands of 10% of the population, you have to wonder why so few of us take the initiative. Many of us lack confidence in our ability to make decisions - a characteristic that separates the rich and the poor.

Back