Low vacancy rates don’t always equate to high profits
Low vacancy rates and rising rents may look like a recipe for easy returns, but hidden turnover costs and poor tenant retention can quickly erode profits.
Even with a national vacancy rate at a very low 1.7 per cent, high tenant turnover can prove costly. (Image source: Elias Bitar/Shutterstock + API Magazine)
The Australian rental market is often portrayed as a landlord’s playground.
With vacancy rates at historic lows, it’s easy to assume that high rents and quick leasing automatically translate into strong profits.
The reality, however, is far more layered.
Low vacancies alone don’t guarantee success, in fact, without expert property management, even the most in-demand properties can underperform, leaving landlords facing unexpected costs, frus…
