All Topics / Help Needed! / rental vacancy rates

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of benhatterbenhatter
    Participant
    @benhatter
    Join Date: 2009
    Post Count: 8
    August 21, 2009 - 8:54 pm

    hi all,
    recently I've been searching for IP's i regional towns and i've found a place that looks like there is a few good buys but i found out that the vacancy rate for that area are around 8%. is that starting to look a bit scary or is that ok for a regional town.
    thank you for any replies
    Ben

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    August 21, 2009 - 10:36 pm

    Hi Ben

    Lenders normally factor in 80% of the anticpated or received rent so that allows for 20% vacancy, rates, body corporate etc etc.

    I dont think 8% that is just over 4 weeks per year that scary.

    Richard Taylor | Australia's leading private lender

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.