Deciding where to invest in property isn't always an easy process, but the latest vacancy rate figures could give you some idea of the top performing cities. If you've had your sights set on Bentleigh real estate for some time, then now could be the time to think about making that all-important purchase.
That's because SQM Research has released its January vacancy rate survey, which showed increasing demand for rental property across Melbourne and its various suburbs.
Over the course of the month, 12,845 properties were without tenants – that equates to 2.8 per cent of the city's total rental stock. This figure is down from 3.2 per cent the previous month, showing that tenants are increasingly keen to find their next property.
Melbourne has the added benefit of not being exposed to the challenges of the resources sector, as the likes of Darwin have seen their vacancies increase over recent weeks.
If you're interested in investing in Bentleigh property, make sure you take the time to get in touch with Matt Hurlston at Ray White Carnegie. His knowledge and expertise in the local area can be invaluable when it comes to ensuring a great return on your real estate.