The Perth rental market is about to get a serious shake up if predictions by the experts are anything to go by with historic low vacancies (October 2020) and a rental price freeze due to Covid-19. However, with the freeze due to be lifted in October, tenants are likely to be faced with rental increases.
Here are the 3 things to consider if you are a landlord.
1) Do you have a good tenant or is your investment property not worth the hassle?
2) Is your tenant paying market rate, above market rate or below market rate?
3) If your tenant is on a periodic lease, who is taking advantage of who?
If your tenant is paying less than market rate, the ideal time for a rent review is the next 90 days.
Get in touch to discuss your situation in confidence.