🏠, What Is Causing Tenants All Over Australia To Lose Sleep?

Published: Sat, 10/28/23

Hi ,

You can't argue with numbers, and the numbers are showing that property investors are selling up and tossing their landlord's hats away, clearly a scary prospect for tenants.

New research by the Property Investment Professionals of Australia (PIPA),indicates that 12.1% of property investors sold one or more of their rental properties in the past 12 months, with just 24% bought by another investor compared to 33% the year before.

That may not sound too startling, but in comparison 16.7% of investors sold one or more properties in the previous TWO year period, so the declining availability of rental properties is on an upwards trajectory.

The rental shortage is felt Australia-wide but more heavily in Victoria where 31.35% of the rental properties sold in the past year were located. The survey also showed that 57.4% of investors named Victoria as the least accommodating state for property investors.

PIPA's research suggests the reasons for landlords selling up include increased taxes, legislative rental reforms, rising interest rates, the need to reduce total borrowings, talk of rental freezes or caps, and positive selling conditions.

Despite those concerns, 56% of Australian investors still believe now is a good time to invest in residential property, giving tenants a glimmer of hope.

Looking to sell your Melbourne property? Ask about our vendors advocacy service where we provide you with trusted impartial advice and guidance, and MAKE IT EASY to enjoy a smooth and easy pathway to new home ownership.

Read about our vendors advocate service

To book a free 20-minute consultation, simply click here and choose a time convenient to you.

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Getting started in property is a big deal. Going to open inspections and browsing the market is fun, but some buyers find themselves floundering when it comes to making an offer or bidding at auction. Then there is talk of contracts, conveyancers, cooling off periods, banks and building inspections... and suddenly your head is spinning!

Our new program is the guide you need to travel the property journey with confidence and know-how. We're sure you'll love it!

All your questions are answered in our comprehensive new program. Click below to read more.

Your Guide To Getting Started In Property

In a market like this one, I’d want someone in my corner that I could trust, representing my best interests.

Would you?

We are here to help.

Need a hand? Contact Wendy here

Home buying - it's not always what you expect.

You imagine the day when you buy your first home - a smiling agent handing over the keys as you pop the cork on a bottle of champagne...

It certainly is a wonderful experience when you buy your dream home, but sometimes the house-hunting journey is not what you expect. Missing out on homes you love - or struggling to find a home you like and can afford! The unexpected costs you didn't realise would eat into your spending budget, and the rude shock as you discover properties are selling well above agents' price guides.

That's why you need a buyers advocate on your side. Someone to help you find the perfect home that suits your budget and guide you through the tricky ins and outs of the property buying process.

How Can A Buyers Advocate Help?

What our happy clients have to say...

We love hearing what our happy clients have to say about their experiences with Chamberlain Property Advocates. We helped Katheryn sell her home, here's what she had to say:

"Wendy has been amazing with the sale of our property in Kew East. From the moment I first spoke to her she was clear, upfront and did what she said she was going to do.

Being vendors from interstate it made the process so much easier. She coordinated difficult property managers and trades, she saved us money on repairs , sourced an amazing agent and most of all obtained a price well above what we ever imagined.

I highly recommend Wendy Chamberlain and her team and will definitely work with her again if the opportunity arises. Thank you Wendy!"

Katheryn.

At Chamberlain Property Advocates, we find it immensely satisfying working with buying and selling clients alike. Let us help you too!

Hear what our other happy clients have to say

Wendy's Tips

"When you are looking to buy a home, of course you are going to be doing your budget as to what you can afford to pay for your new home. But there are some other costs involved that you need to be aware of and keep in mind.

One of the main costs is stamp duty. That is a cost that's applied by the state government and it's over and above the purchase price.

Stamp duty is calculated on the value of the land and the improvements on the land. It is something every home buyer needs to factor into their budget and pay on top of the purchase price.

Another cost to consider is solicitor or conveyancer fees. You are going to need to bring someone like that on board to help with the settlement of the property.

One of the other things we always suggest to our clients is to get a building and pest inspection. So allow for the the cost of a building inspector - there are many times buyers have NOT bought a home based on a building inspector's report showing problems you would not be aware of.

Of course if you need additional support, working with a buyers advocate is something that can be of benefit to you on your home buying journey.

So, there are a number of additional factors and costs as part of your investment when buying a home that you do need to factor in to make sure you stay on budget.”

Wendy Chamberlain, Buyer's Advocate

Wendy In The Media

Wendy was a guest of Vilma Formosa on North West FM's Midday Panorama show on Friday the 22nd September. Did you miss it? Click below to catch up on their conversation about the Melbourne real estate market.

Listen here

Where is Wendy speaking next?

Wendy Chamberlain will be back speaking with Vilma Formosa on Midday Panorama on Friday November 10th at 12:10pm. Don't forget to tune in!

Find out how to listen here

If you're renovating a home to sell, it pays to know what buyers want. Beautiful kitchens and bathrooms never fail to impress buyers, and a second bathroom or w/c always adds value. We do love a beautifully renovated historic cottage, but if you're going to add a second loo perhaps build it INSIDE the house!

Seek the guidance of an expert property advocate who knows all about renovating homes, it will help make the difficult decisions easier. It always pays to have an expert in your corner.

Please call the office on 03 9686 2288, book a time to chat here or send an email to [email protected] and we can make a time for a confidential chat. Obligation free!

We'd love to help and make things easy for you too.

With gratitude,

GPO Box 2000
Melbourne VIC 3001
AUSTRALIA

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