Professionals Armidale 
Professionals Armidale finished 2022 on a high leasing 37 properties during the month of December where the team was kept busy with 101 inspections and 181 applications.
Is Australia’s rental market set to become even tighter in 2023? According to the latest ABS data, there are almost 9.8 million households in Australia of which 6.2 million of which are owner-occupiers.
With approximately 7 million people needing to lease the remaining 3.6 million properties, there is not enough supply to meet the demand.
“Our property management philosophy is simple –
to minimise arrears, vacancies, and expenses, and to maximise your return”
The ABS also states that whilst the country has seen an increase in population growth, homeownership in Australia has been declining. The homeownership rate fell from 71.4% in 1991 to 67.8% in 2021. One of the main contributing factors is the increasing cost of housing.
According to CoreLogic, in January 2023 there are just over 33,000 properties advertised for rent across the entire country. With interest rates expected to stabilise in the coming months, is now the time to capitalise and establish or grow your portfolio?
Professional Armidale Landlords Newsletter – January 2023
By Jamie Williams
Director
Head, Property Management / Investment Specialist
Professionals Armidale
M: 0481 173 322
P: 02 6772 4549
