Finding the vacancy rates of a suburb is an important step to take when doing your research. Not only will it help you understand whether or not it is going to be easy to rent your property. But it can also be an indicator of potential future growth.
In this episode that I am going to go through help to find out the vacancy rates of an area. If you want more details about how vacancy rates are calculated or why it can be an indicator of future growth, then check out this article where I go into more detail on it there.
They say that healthy vacancy rates of an area tend to hover around that 2-3% mark or lower, so if you see upwards of 4 or 5 or even higher percentage of a vacancy rate, then that would be a red flag for me.
It’s not that it is going to be a bad investment, but it just means that I would need to do more research before I would go ahead.
So to find out vacancy rates of an area, you can do it two ways, you can do it old school and you can do it new school.
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http://onproperty.com.au/150 - View the full transcription and audio version of this episode.
http://onproperty.com.au/free - See real positive cash flow property listings
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property brothers hack apk How To Find Out Vacancy Rates (Ep150) | |
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| Education | Upload TimePublished on 11 May 2014 |
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