Spring brings an annual increase in rental activity and even with limited rental stock available that is the case this year. Abercrombys is renting properties quickly, with each one spending very few days on the market. Despite the new government regulations and restrictions putting fresh obligations on lessees – it is still a food time to be a landlord, and a rental property is a good investment in 2023. Vacancy rates remain at a historic low, and growing demand, due to the Federal government’s commitment to a Big Australia and record levels of immigration, will maintain price pressure. The build-to-rent trend won’t have any influence for at least a year.

Abercrombys has found rental houses and townhouses to be in shortest supply and highest demand, often leasing before they even hit the market.