New year can be a good time to expand your property portfolio.

As a property investor, you are no doubt keeping an eye on vacancy rates and noticing low rates across many suburbs. There’s every indication that they will continue to remain this way.

With this in mind, now may be a very good time to consider expanding your property portfolio.

Low vacancy rates may indicate a surge of interest in a particular suburb, which can often spread to neighbouring suburbs as availability of rentals decreases.

With tenants finding property hard to come by, it can be expected that a property in the right area will lease quickly.

Like any property investment, location is key. Consider what the suburb has to offer for potential tenants. Access to transport, amenities and schools are big advantages and will increase interest from tenants.

End-of-year is a particularly busy time for rental properties, with many people choosing the extended holiday period to relocate in time for the New Year, and especially the new school year or university start.

This means many people will begin looking for new rental properties in early summer, so it may be worth timing a new addition to your property portfolio to meet the demand.

As a property owner, the last thing you want is for your property to be sitting dormant for some time without any interest from tenants so buying in the right market is crucial to any investment strategy.

As property managers and sales agents we can work with you to find suitable properties. Often we have properties on our books which are already tenanted.

Talk with us today as we are in the know about opportunities and the potential for overall return on your investment.