The Property Planner’s Fast Fact – Vacancy rates, location selection and long term trends!

You may understand that lower vacancy rates = scarcity of vacant investment properties which = the likelihood of your property being tenanted AND the possibility of increasing rents.

What often is not understood, is that looking at the long term vacancy rate trend over at least one full property cycle, and then comparing it to other suburbs within the city will provide you with a more appropriate picture.

In an ever increasing ocean of property data, the skill when assessing data is not only gathering data, but most importantly, figuring out which data matters.

This is very difficult without years of practice and analysis!

Just like the ocean, most of the volume of data lies underneath the surface.

When selecting the right location for developing a successful Property Plan, you need to think beyond the superficial here and now, the noise and your short term desires.

To be successful, you must consider the longer term – whether that relates to property data or your personal goals, the same rules apply.

Remember, to create your ideal lifestyle you need to……

Step 1 – Plan “get your long term property pathway clear”

Step 2 – Strategy “get clear on your next property decision within the context of your long term plan”

Step 3 – Select “buy the right property for your today and your tomorrow”

All the best with your Property Planning!

By |2019-04-30T18:30:33+11:00April 30th, 2019|

About the Author:

David Johnston
David is the Founder and Managing Director of Property Planning Australia, author of ‘How to Succeed with Property to Create your Ideal Lifestyle’, co-author of ‘Property for Life – Using Property to Plan Your Financial Future’ and a widely-published media commentator. With more than 20 years of experience, David is passionate about educating others to make informed, and ultimately, more lucrative property investment decisions. David established Property Planning Australia in 2004 – with the vision to educate and empower Australians to make successful property, mortgage strategy and money management decisions.  Property Planning Australia’s operations have earned acclaim and national industry awards for its unique fusion of property planning, education, money management, mortgage strategy and risk management. All supported by multi award winning customer service.