At Abercrombys we are predicting a busy start to 2024 in the rental market. Demand for rental properties, in particular for family homes in the Stonnington and Boroondara areas, has never been higher. There are fewer new listings than this time last year. And with rents elevated and vacant properties about as common as thylacines, wise investors are looking to buy property to lease out. In Melbourne rents have increased by almost 12% over the last year.

We are continuing to lease high-end properties expeditiously, and at market-beating rates, through our Abercrombys database. An example of the market’s keenness and the efficacy of our database is that we recently leased a penthouse, off-market, in Lansell Road, Toorak, in two days. Given the current rental market a rental property ought to loom large on any canny investor’s future plans.