LOW VACANCIES KEEP PRESSURE ON RENTERS

Low vacancy rates generally support stronger yields and fewer periods without a tenant. For investors thinking about entering or expanding, current conditions may offer a solid foundation, provided you choose the right location and price point.

PropTrack reports a national vacancy rate of just 1.4%, which is low by historical standards and continues to put pressure on tenants across the country.

Even though vacancies are slightly higher than recent lows, the market remains competitive. Properties are leasing quickly and rental prices are rising in many locations.

If you are renting now

Tight conditions can make it harder to get ahead. Higher rents leave less room for saving, and staying in the rental market longer exposes you to ongoing increases. Exploring ownership pathways sooner – even just checking your borrowing position – can give you more control over your housing costs.

If you are considering investing

Low vacancy rates generally support stronger yields and fewer periods without a tenant. For investors thinking about entering the market or expanding their portfolio, current conditions may offer a solid foundation, provided you choose the right location and price point.

Wondering whether to keep renting or buy an investment property? I can help you compare what each option might look like for your budget.

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