Guildford is located in the state of Western Australia, and it’s a suburb that was originally settled by German immigrants. The area is known for its great natural beauty, and it has many parks and open spaces that are perfect for hiking and other outdoor activities. Guildford is also close to Perth, which means that many people who live there commute to work in the city center every day.
With so much going on in Guildford, it’s no wonder that real estate prices are rising quickly. This makes it an ideal place to invest in rental properties if you’re looking for a good return on your investment. Guildford’s weather (which you can see here: https://www.tomorrow.io/weather/AU/WA/Guildford/005475/) and natural beauty make it an ideal location for those looking to rent a property and also offers opportunities for investment in property as well.
However, before you start buying up houses and apartments in this neighborhood, there are some strong reasons to know about investing in Guildford real estate:
Growing Rental Property Market
The Australian Rental Property Market is showing signs of growth. In 2021, 3.5% of households in Western Australia were living in social housing, 22.7% were renting privately, and 66% were buying or totally owning their homes. This is good news for investors looking to buy a rental property in Guildford or any other location in Australia.
The Australian real estate market is driven by population growth and the demand for properties from both homeowners and renters. In order to meet this demand, investors need to be able to buy at the right price point and time in order to maximize their returns on investment.
Housing affordability has been a major issue in Australia for some time now due to low-interest rates, high immigration levels, and demand for rental properties increasing faster than supply.
However, the Australian property market’s spring sales rate has started to increase more slowly after a protracted period of high prices and sales rise. Home sales decreased by 10% in August, new home listings decreased, and fewer new homes were approved for building.
Increasing Disposable Income
One of the best reasons to invest in rental properties in Guildford is because of the growing disposable income.
The economy of Guildford is growing rapidly, which means that the amount of disposable income available for people to spend on rent is also increasing. In fact, many people are earning more than they ever have before.
As per the stats by the 2021 Census, the median total family income of households in Western Australia is $2214 – which is enough to rent a good home and enjoy other perks of life.
This is good news for landlords who have purchased investment properties. The more disposable income their tenants have, the more likely they are to be able to afford higher rents. This means that investing in rental properties in Guildford can be a lucrative business opportunity for investors who want to benefit from this trend and earn higher profits from their investments.
Higher Inclination Towards Private Properties
There are a number of reasons why young couples and same-sex couples tend to be more inclined towards private properties. It’s not only because they want to live in a place that is close to the city center and its amenities, but also because some of them don’t have any children yet.
Furthermore, 9.3 million private homes were occupied by more than 23.5 million persons in 2021. Additionally, changes made to the Marriage Act in 2017 permitted same-sex marriages in Australia. In 2021, there were 78,425 same-sex couples living together and 23,914 same-sex registered marriages, up from the 46,770 same-sex couples reported in the 2016 Census.
While this may seem like an ideal situation, it can turn into quite an issue when it comes time to sell the property. This is because there are fewer people willing to buy those types of homes, which means that you’ll likely have a hard time finding anyone interested in buying them at all.
That’s why it’s always a good idea to keep your options open and consider investing in both commercial and residential properties as well.
Conclusion
If you’re considering investing in rental properties in Guildford, we hope that this article was helpful. We’ve listed our top reasons for investing in rental properties.
We believe that now is the perfect time for investors to get into rental properties in Guildford – the market is growing quickly, and there are many benefits of investing in rental properties over other types of investment.