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A rental market update is an update that breaks down all the trends, record highs and lows and talking points from the real estate world in any given month. We cover topics such as investing in metro cities such as Sydney, Brisbane, Adelaide, Melbourne, and Perth, highlighting the rise in house rents by 5.2% and unit rent declined by 3.8% in various capital cities. Through this information, we can help owners manage their investment property during a pandemic, and showcase how lockdowns have changed the industry altogether.
Brisbane has seen a lot of change since the pandemic, with tenants now forking out the highest median house rents in the city’s history after prices climbed 12.5% over the course of 2020, with homeowners seeing their property values rise upwards of 6.2% over the last quarter and 14.8% in the last year.
The property market insights that we offer give people an understanding of things such as property management, investment, maintenance, selling and leasing.
Our market updates are published monthly, focusing on the trends seen over a month in the property market, from home loans and house prices to interest rates across the Australian property market, we cover it all to give readers the confidence to invest, buy or rent a property. When it comes to leasing in March 2021, the :Different Leasing Team leased 92 properties, with a total of 289 tenant applications across NSW, QLD and VIC, with Melbourne still at a 3.5% vacancy rate.
Expertly written by our Head of Growth & Leasing Kasey McDonald, her expertise and unique insight into rental markets and leasing property has allowed her to craft informative pieces, allowing for our readers to make informed decisions when it comes to their investment homes. With over 21 years of property experience in leasing and as a real estate agent, it is no surprise that her perspective on the Australian property market has resulted in the success of our customers.
