After already being identified by Channel 9 as a hotspot for investors, realestate.com has reported that the median rental returns for 3 bedroom house in Gatton have risen from $300 per week in June 2020 to $450 per week in June 2024.
In the last 12 months the median rental has increased 12.5%. There are currently 12 house available for rent in the last month. There have been 55 properties leased in the last 12 months. Properties are on the rental market on average for 19 days. There are 175 renters currently interested in renting a property.
That’s all great news if you are in the market for a rental property. The main problem is finding one! There are not a lot of properties on the market. Investors are competing with home buyers. A lot of the time that is not a fair fight as the Investor has more money behind them.
If you are a home buyer competing in this market you need to make sure that you have all your ducks in a row and there is little chance that one of them will fly away.
If you are considering selling, then do not hesitate to contact me as there are many buyers looking!