Vacancy rates are on the rise

It appears the rental crisis in regional areas and smaller cities may have peaked. With vacancy rates rising, tenants who have been struggling to find a suitable home can now be hopeful.  In Launceston we are seeing rental prices coming down as the supply becomes greater and the demand more selective.

What does this mean for investors?  There are still plenty of tenants looking for well presented, realistically priced homes but they are being careful with their choices and taking their time to consider all the options available. Offering a clean, neat well priced home is the answer.