All this year vacancy rates have been very low. But since the latest interest rate rise, we have seen a number of landlords planning to move back into their properties because of their difficult financial situation, and the prospect of continuing interest rate rises next year.
Landlords need to remember the tax breaks available for the rented property. Above all aim never to pay off the mortgage of the investment property, go for the maximum tax rebate. Given the present high purchase price of housing, people are being forced to rent, and vacancy rates are at an all time low. As a result, rents, and hence rental income, are rising rapidly, and this trend must continue until the extreme housing shortage is addressed.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment