CoreLogic<\/a>, the evidence for this strategy lies in data that shows higher rent increases for homes with more bedrooms.<\/p>\nAs a guide, rents for 1-bedroom units and studios have increased by 7.1% over the past 12 months. Rents for 2-bedder apartments have risen by 7.9%.<\/p>\n
Whereas, rents for houses with five or more bedrooms have jumped 8.7% over the same period.<\/p>\n
Despite the higher rent rises, it\u2019s often more cost-effective for renters to band together and share a bigger property.<\/p>\n
The average weekly rent per bedroom in a 5-bedroom house is about $175 nationally compared to $293 in a 2-bedroom unit, or $541 in a 1-bedroom apartment.<\/p>\n
The takeout for investors<\/h3>\n While rents for multi-bedroom homes may have outpaced smaller properties, a larger dwelling won\u2019t appeal to every investor. And it\u2019s not just about the likelihood that a big house will come with a higher price tag than a smaller place.<\/p>\n
A large property with the potential to accommodate more tenants can experience greater wear and tear, potentially leaving an investor with higher maintenance costs.<\/p>\n
In addition, 4-5-bedroom houses are often found in outer suburban areas, which may experience slower price growth than inner city locations.<\/p>\n
Ultimately, what matters is that investors consider what they want to achieve by purchasing a rental property, and invest in the place that aligns with their goals.<\/p>\n
Call us today<\/h3>\n When looking to buy an investment property, it\u2019s also important to find an investment loan that\u2019s right for your needs.<\/p>\n
And that\u2019s where we can play a key role.<\/p>\n
Call us today to get to know your borrowing power and explore ways you can finance your investment property.<\/p>\n
Disclaimer:<\/strong>\u00a0The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.<\/p>\n","protected":false},"excerpt":{"rendered":"A cost of living crunch is driving a new trend among renters \u2013 and it\u2019s changing the wish lists of some property investors. We reveal what\u2019s happening across the rental and investment markets. Investors have been a driving force in the property market lately, with\u00a0lending to investors up\u00a0almost 30% over the year to May 2024. […]<\/p>\n","protected":false},"author":23,"featured_media":5461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[110],"tags":[],"class_list":{"0":"post-5460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-home-loans","8":"entry"},"yoast_head":"\n
Why multi-bedroom homes could be appealing for investors · FinancialPlus Mortgage Broker Gold Coast<\/title>\n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n