Victoria’s property rental market is experiencing a golden age. That is… if you’re on the right side of the lessor/ tenant relationship. If you’re not, then buying a rental property would make better sense than any other investment at present, considering all-time low vacancy rates are pushing rents to levels well in excess of interest payments.

The Federal government’s recent adjustment of immigration levels may marginally increase vacancy rates and therefore lead to some slight braking effect on rent increases – but there remains such a housing shortage in Australia we are talking of tweaks, rather than shifts in the current rental market. This is, and remains, the age of the landlord – so it makes sense to be one.

At Abercrombys we have recorded fewer listings this year than at the same time last year, with no less interest from potential lessees. This means continuing strong rental prices in the suburbs where we operate. Demand for high-end homes in Stonnington and Boroondara is particularly high at the moment.