Hi all.
I have been doing some resaerch with properties lately and I have seen some great properties for sale – especially blocks of flats – which show a very good return. However, when I check on the the rents of similar properties, such as realestate.com.au, I have noticed there can be a lot of units for rent in a particular area.
This sends warning bells to me – if I am thinking the right way – that this could be the reason why these blocks of flats are so cheap with high yields of up to 10% when there are are so many units for rent.
Can any one point me in a direction or directions of websites or updated information on vacancy rates of towns and suburbs.
Thanks in advance.
Michael
I asked the same question a few weeks ago and a helpfull pi investor gave me the below link.
it works but i cant vouch for its accuracy.
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