Investors looking at Bulimba real estate may be interested to hear that the residential rental vacancy rate remained fairly steady at 2.2 per cent during the month of July.
This brought the total amount of vacancies nationwide to 61,117, although individual results differed in each capital city, according to figures from SQM Research.
Brisbane's vacancy rate came out at 2.1 per cent for July, remaining unchanged from the previous month. The total amount of vacancies decreased slightly from June to July this year, falling from 5,797 to 5,786.
Elsewhere in Australia, the majority of the other capital cities also saw little to no change in their vacancy rates. However, Perth and Canberra have seen the most significant increases compared to the same time last year.
Vacancy rates are one of the indicators that real estate investors should consider before committing to a property.
Investing in real estate can be a great way to build your wealth, but it's important to do your research beforehand.
If you're ready to make the leap and invest in Morningside real estate or other properties in Bulimba, the team at Ray White Bulimba can help you find the property you're looking for.
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