According to Broker news, Rents are set to skyrocket in 2010
High demand and low apartment vacancy is expected to push rental rates up sharply for the next two years.
BIS Shrapnel's Residential Property Prospect, 2009-2012, forecasts an annual rate rise of 5% in the country's major cities.
The report indicates the worst city will be Sydney, which will have
a vacancy rate of under 1% next year and rents will rise by 7%.
Investor demand and the increased number of renters becoming home owners is expected to drive up house prices.
Rents are set to skyrocket in 2010, originally published at Your Mortgage, has been republished with permission.
Posted
Dec 14 2009, 04:48 PM
by
Your Mortgage