Jessica Darnbrough
While affordability constraints continue to plague first home buyers, it seems the property market is ripe for investors.
According to RP Data research analyst Cameron Kusher, the current trend of rising rental rates means investors can potential snag themselves a bargain that nets good return.
RP Data’s latest Hedonic Home Value Index found capital city home values fell 2.1 per cent in the March quarter, while weekly rental rates grew 4.6 per cent in six months.
“The market definitely favours investors over upgraders or first time buyers. If you don’t need to sell anything first to get onto the property ladder, you can potentially position yourself for some long term capital growth,” Mr Kusher told The Adviser.
“With rents on the rise, there is also the potential to find a property with good gearing – if not positive gearing.”
Want to see more stories from trusted news sources?
Make The Adviser a preferred news source on Google.
Click here to add The Adviser as a preferred news source.
