The Relentless Rise of the Rental Apartmentback to blog
Posted 7 April 2016
There’s a myth circulating that apartment rentals and sale prices won’t fall, despite the ever-growing construction and development of new high rise blocks.
But here’s the thing – When there’s a whole lot of supply, eventually there has to be relief for rentals. Sales may soften too. That’s the basic law of supply and demand. Property is not immune to the law of economics.
Maybe not now, but by November we’ll see this starting to happen.
If I had an investment property, I’d be locking in two-year leases and securing longer-term tenants. Sure up your yield and make it attractive, especially if you’re looking to sell.
To read more about the rising price of apartment rentals in Sydney, click here.