Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Weekly rents tipped to surge

Staff Reporter 3 minute read

Weekly rents may rise by up to $100 over the next two years, The Investors Club has warned.

According to The Investors Club President Kevin Young, should interest rates rise landlords will have no choice but to pass on the increased cost of mortgage repayments to tenants.

An increase to rents will further restrict the ability of first home buyers to save a deposit and enter the property market – highlighting the need for alternative products and increased focus on educating borrowers on solutions outside traditional mainstream mortgages.

“If interest rates continue to rise, then there is every likelihood that the average weekly rent for properties in capital cities – which is now around $300 per week – could rise by more than 30 per cent during the next two years, to around $400 per week,” he said.

Advertisement
Advertisement

The Investors Club manages more than 10,000 investment properties throughout Australia on behalf of its members.

Published: 04-02-08

 

Weekly rents tipped to surge
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

PROMOTED CONTENT


default

 

more from the adviser
Darren Stratford Dianne Robinson Kristie Oldfield ta RedZed appoints BDMs, product manager

The lender for self-employed borrowers has appointed two BDMs in ...

digital money ta Wisr closes $5m raise

Wisr has wrapped a $5 million capital raise to accelerate its loa...

digital signatures Suncorp enables e-signatures on post-approval loan docs

The non-major bank has said that it will accept e-signatures on p...