Apartment rents set to rise by 30pc, says CBRE
A 30 per cent or more spike in apartment rents over the next five years will boost returns for investors already in the market, and create a short window of opportunity for new investors to maximise yields as well – before capital values surge by similar amounts.
That forecast is based on analysis by real estate firm CBRE, which modelled the impact of a massive undersupply of dwellings relative to future demand and found that the current average apartment vacancy rate of 1.8 per cent will reduce to just 0.8 per cent by 2028.
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