NEWS
With demand for rental properties set to soar this year, experts are urging investors and renters to get in now ahead of an expected price rise.
Property investors are gearing up for a bumper year as big rent increases and strong capital gains are expected to offer double-whammy returns during 2010.
Demand for rental properties, from both investors and tenants, is expected to surge during the next few months as people attempt to lock in properties before prices rise even further.
Latest research from Resi Mortgage Corporation has found the number of people intending to become property investors has almost doubled during the past year.
Research company Australian Property Monitors has forecast rent increases of up to 11 per cent in 2010. The supply and demand gap is only expected to widen further during 2010.
Source: news.com.au
Published: 16 February 2010
