November was a  great time to be a landlord with a well-placed and well-presented property in South Australia.

According to recent data released by Property Analyst, Domain, Adelaide’s vacancy rate has declined again in November to 0.07%. We are seeing a number of landlords moving back into their investment properties, we feel this this along with the recent changes to land tax in South Australia is factoring into the currently low vacancy across Adelaide and pushing tenants back into the highly competitive market, ultimately driving up rental prices. 

We have low stock available for this time of year as seen across the rental market, with low-vacancy and rental increases.

Toop&Toop Property Management received over 300 applications to rent our available properties in November, with many homes receiving in excess of 50 enquiries.

Well maintained properties with sufficient heating and cooling were November's strongest contenders. However, properties that didn't present well online along with apartments and townhouses with no yards received low levels of interest.

The November report by CoreLogic further demonstrated Adelaide's strong position in the rental market. Adelaide's change in rental rates grew 2.9%, showing that demand for quality properties remained high towards Christmas. Moreover, Adelaide's rental yield climbed to a steady 4.3%.

“It is great to see our clients achieve some great results with both the low and the top end markets tracking really well,” Toop&Toop Marketing and Leasing Coordinator Amy Bland says.

“November has been great for landlords with well-presented properties, with many being snapped up after one open. 

“We are seeing an increase in the number of enquiries being received from interstate relocations,

 “It’s great to see this picking up again following the easing of border restrictions”.