Australian
homeowners are holding onto their properties for longer than ever as a lack of
properties to buy at a time of rising property values creates uncertainty about being able to find a better alternative.
10 years ago,
the average length of time Australians stayed in each property they own was 7.5
years for houses and 6.5 years for apartments, according to RP Data (now
Corelogic.)
But fast forward
to today’s market and the latest analysis byrealestate.com.aushows
the average hold time across both houses and units is around 3 years longer
then it was a decade ago.
As of late last
year, Aussies were staying put for around 10.6 years in houses and for 9.5
years in units.
RealRenta has all the tools that a property manager
has, but at over ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a
week to manage your rental property
RealRenta also has a free vision, so why not check it
out
Jason Gwerder
Tuesday, 31 August 2021
