In recent news, “The West Australian” reported on the worst housing shortage in Australia, with the crisis expected to last for the next decade and potentially exceed 25,000 homes by 2026. Meanwhile, “The Australian” published a report stating that the country is expected to build 100,000 fewer homes than needed to keep up with demand over the next five years.
This housing shortage is particularly severe in Western Australia, where demand for housing is 25% of the required national supply, despite the state only accounting for roughly 10% of the country’s population. Rental vacancy rates have been consistently low for well over two years, with Albany’s vacancy rate dipping to an alarming 0.3% in January 2023.
This crisis has created a unique opportunity for investors to take notice of the local market and invest in the area. Albany’s property market is especially attractive, given its affordability relative to other states and the high rental demand.
As someone with a strong background in property management, I can provide expert guidance to investors on which investment properties are likely to attract potential tenants, regardless of market conditions. With my investor’s guide, you can gain valuable insights into the local property market and make informed investment decisions.
The current situation presents a unique opportunity for savvy investors to capitalize on high rental demand and potential for capital growth.
To get your copy of our investor’s guide and start taking advantage of this opportunity, please contact Greg Pearson today.
