On an annual basis, Australian rents were up 4.4%, which is still more than double the pre-COVID decade average of 2.0% annual growth. However, with rental growth slowing more visibly through the second half of last year, the annual change in rents is likely to fall to below average levels in the first half of 2025.
National gross rent yields continued to hold steady at 3.7% in January, with rental yields across the combined capitals and combined regionals holding firm at 3.5% and 4.4%, respectively. We'll likely see renewed downward pressure on yields in 2025 as values stabilise and rental growth eases further.
The property market is expected to remain dynamic in 2025, with rising demand for rental properties and evolving regulations.
Demand for rental properties is projected to stay strong, with a strong focus on affordability and amenities.
A Featured Rental Listing of the month:
Carlton North, VIC 3054
This stunning property is a new listing for Buyers Advocate as a current rental provider referred us. This 3-bedroom home recently leased at $1050 per week after just the first open home! 23 groups in total attended and we received a great number of applications. Our new Rental provider was extremely happy with the outcome! And our new renters have already moved in and advised the process has been a breeze. A great outcome for all!
DID YOU KNOW BUYERS ADVOCATE HAVE A REFERRAL PROGRAM?
If you refer to us a friend, colleague or family member that has an investment property and they sign a Managing Authority with Buyers Advocate, they will receive 3 months free management, and you will receive 3 month’s free management fee too! Please do not hesitate to contact us as we would love the opportunity to discuss this further with you or with your referral
PROPERTY MANAGEMENT TIPS OF THE MONTH
Residential Rental Provider’s –
Did you know in Victoria, a fixed term lease agreement automatically rolls over to periodic (month to month)? This means renters are allowed to continue living in the property without signing a lease agreement. As we cannot make renters sign a new agreement, we strongly suggest checking your landlord insurance to ensure it covers tenancies that are periodic.
Renters –
If you are not signing a new fixed term agreement, this does not mean your lease automatically ends. This means you must be prepared if you wish to vacate the property, to provide your property manager with at least 28 days’ written notice.
Buyers Advocate property management prides ourselves on honest open communication and the strong relationships we build with our rental providers and renters alike.
If you are unhappy with the level of service you are receiving from your current Property Manager, have a chat with Rachel or Liz. It may be time for a change. Please contact us (03) 9818 4499.