Australia’s property market is at a pivotal point, presenting an investment opportunity that may soon become harder to access. As housing shortages drive property prices and rental yields higher, delaying an investment could cost you – whether you’re entering the market or looking to expand your portfolio.
Housing Shortages and Raising Demand
Australia is facing one of the most severe housing shortages in its history. The number of new homes being built remains below the ten-year average, failing to meet growing demand (CoreLogic, July 2024). Following COVID-19, the rental market has reached critical pressure levels. Vacancy rates are at historic lows, with rents in some areas rising by 12.7% over the past year alone (ABS, March 2024).
This shortage has driven a surge in both property values and rental returns. In Perth’s suburbs, such as Kwinana and Armadale, property values have soared by over 30% in the last 12 months, while Brisbane saw a 24.4% increase over the same period (CoreLogic, June 2024). Higher rental yields follow suit, creating a prime market for investors looking to secure steady cash flow alongside capital growth.
The Financial Impact of Waiting
In the current climate, holding off on property investment means two things:
- Higher Property Prices: Fewer properties and more competition are pushing prices up. Those hoping for prices to stabilise might find that the market only grows more competitive over time.
- Stronger Yields and Rents: The tight rental market is driving up rents, meaning those investing today can lock in higher yields. Waiting could result in diminished returns or, worse, being priced out of high-yield areas altogether.
The longer you delay, the more you risk missing out on this rare combination of high rental yields and potential capital growth.
Why Invest Now?
Economic conditions are aligning for property investment in Australia, creating a unique window of opportunity. Interest rates are stabilising, inflation is showing signs of easing, and housing demand is only increasing. Investing now allows you to benefit from both immediate rental income and long-term capital growth.
By strategically selecting properties in high-growth areas, you maximise your returns. OpenCorp’s MAP Process – focusing on Market, Area, and Property – offers a proven method for targeting the right properties in prime locations. Our team of property experts spends over 19,000 hours annually analysing these trends to deliver tailored investment solutions designed for long-term success.
Immediate Steps to Take in Today’s Market
- Capitalise on Market Conditions: With interest rates holding steady, acting now allows you to lock in a promising investment before increased investor demand drives prices even higher. Early entry provides not only potential capital gains but also consistent cash flow through rising rents.
- Work with a Strategic Plan: Don’t just buy any property – buy with purpose. OpenCorp helps you create a personalised investment strategy, selecting properties that meet your financial objectives and align with market trends. A strategic approach helps ensure that your returns consistently outperform general market growth.
- Take Action Today: Australia’s housing crisis isn’t going to wait. As property prices and rental yields climb, acting now secures your position in this high-growth market. For over 19 years, OpenCorp has guided investors through changing markets, and we know how to maximise opportunities in times like these.
Secure Your Financial Future with OpenCorp
Book a Discovery Call with OpenCorp today to learn how we can help you build wealth through property investment in today’s favourable market. Don’t miss this opportunity to lock in a strong financial future by acting before the market shifts further.
