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Australia’s top rental hotspots revealed in new report

Posted on 11 October 2012

Australia’s top rental growth locations have been revealed and data shows there are 21 areas where prices soared by more than 40 per cent in the last year.In an exclusive report in this month’s Australian Property Investor, the country’s 70 fastest-growing rent hotspots are profiled.
“Property investors are increasingly turning their focus to cash flow and this list is an insight into areas where rent prices are going absolutely gangbusters,” API deputy editor Shannon Molloy says. “Over the past few years, property markets have experienced a combination of reduced investor activity, flat levels of new dwelling construction and fewer first homebuyers. As a result, demand for rental properties has increased significantly and supply hasn’t come close to keeping up………………………………………..Full Article: Source


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