Noteworthy housing Census results, according to RP Data:
- While the number of occupied dwellings has grown by 7.7% over the past five years it has not matched the 8.3% increase in population
- 10.7% of Australia’s houses are unoccupied compared to 10.4% at the time of the 2006 Census
- Growth in housing loan repayments over the past five years has outpaced the growth in individual, family and household incomes
- Growth in weekly rents over the past five years has outpaced growth in housing loan repayments
These results continue to confirm Silverhall’s position there is an undersupply of housing. This is pushing up rents making it great for landlords. The Key though is investing in the right region.