Hi all – first post. Am new to investing game and am trying to find where I can research suburbs/towns etc in Victoria as far as their rental strength-vacancy rate. Can anyone help?
Thanks
Hi Duritz
Welcome to the forum!
As far as I know there isn’t an index that you can look up that shows vacancy rates. Your best bet is to research towns that fit your budget/property profile and then ring a few agents in the area and ask about vacancy rates. They can change fairly quickly (within months) and I don’t think any magic list would be current for every place anyway.Even more important would be to research what drives occupancy (aka vacancy) rates – employment prospects, population profile, etc. so you can assess what they might/might not do in the forseable future in regard to the type of property you are looking to buy (house/unit/commercial).
Local councils, chambers of commerce, real estate agents can help you get an idea of what is happening in the town.
Good luck!
Scotty3
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