How Much Has Rent Grown in 2024? The 2024 Rent Market Update
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In this episode of Wealth Coffee Chats, Cass Sjostedt from R&W Plus walks us through the market update for 2024: what does the rental market look like? Sydney, Brisbane, Perth and especially Adelaide has shown significant growth. Has the rent on your rental properties grown in value over the last 12 months? Let’s Wealth Coffee Chat.
00:00 – Introduction
02:08 – Show Starts – Introducing Property Management Wednesdays
3:57 – Rent Growth Market Update. What’s happening in 2024 for rents?
05:07 – The Boom or Bust report in 2024. Last year’s rent predictions for each Australian city.
07:55 – Brisbane and Perth have exceeded the predicted rent growth.
10:01 – Adelaide rents have grown nearly 11% in 12 months.
12:18 – What else could you have done with your property manager to boost that even more?
15:10 – Conclusion – 2023’s predictions largely came true.
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