Wanted: Four bedroom properties
First National surveys its network of property managers around the country every quarter and the nationwide shortage of four bedroom properties was one of the major trends highlighted this quarter.
The balance of supply and demand shows supply of two bedroom properties is even, but three and four bedroom homes are in short supply, although there were regional differences in whether high end or low end properties were in demand.
While 87% of respondents reported a shortage of four bedroom properties in their areas, just 30% reported rent increases for four-bedroom homes.
Demand for three bedroom properties had a much stronger correlating rent increase with shortages in 65% of regions and rent increases for three bedroom properties in 41% of those regions.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
