City with tightest rental market in Australia offers serious investor returns
Rents in Adelaide continue to soar in the midst of the lowest vacancy rate in the country, spelling grim news for renters, incentive to rentventors and opportunity for investors.
Adelaide rents seem to be rising at warp speed, putting renters in a dire position but proving a lure for investors seeking high yields. (Image source: Shutterstock.com)
It’s been all eyes on Adelaide in 2023, where dwelling values remained at record highs but what is happening in the rental market?
Affordability overall across the country has put downward pressure on the speed of rental growth recently, but since Covid, rental values have swollen by 30.4 per cent.
While the cheapest capital for rent in years gone by, Adelaide has lost its position to Hobart – welcome news for investors.
Adelaide’s median dwel…
