SW mar­ket at­trac­tive to in­vestors

Augusta Margaret River Times - - News - Therese Col­man

A re­cent re­port by a prop­erty in­vest­ment agency shows the South West rental mar­ket is a “hot bed” be­cause of high rental yields.

Mo­men­tum Wealth’s Res­i­den­tial Re­gional Prop­erty Re­port lists Bus­sel­ton, Duns­bor­ough, Mar­garet River and Col­lie as ar­eas ben­e­fi­cial to an in­vestor’s port­fo­lio.

The cur­rent rental yields are 4.8, 4.5, 4.1 and 4.4 per cent re­spec­tively.

Mo­men­tum Wealth man­ag­ing di­rec­tor Damian Collins said short-term let­ting ser­vices could al­low in­vestors to max­imise their re­turns.

“In­vestors can take ad­van­tage of the re­gion’s bur­geon­ing tourism mar­ket and use al­ter­na­tive strate­gies such as short-stay web­sites like Airbnb, to boost rental yields,” he said.

Mar­garet River real es­tate agent Ken Pre­ston said in­vestors were at­tracted to the high rental yields.

“A num­ber of buy­ers are re­ally in­ter­ested in this due to the higher re­turns and flex­i­bil­ity it pro­vides for them to use the prop­erty at var­i­ous times,” he said.

Mr Pre­ston also said for longterm renters, the price in Mar­garet River was higher than other South West ar­eas.

“The av­er­age rent in Mar­garet River is $400-$425 per week for a 4x2,” he said.

Realestate.com.au shows the av­er­age rent for Bun­bury is $330 a week and Bus­sel­ton $350 a week.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.