Rising Australian property values support claims that the country has not suffered a recession, it has been claimed.
Speaking to the Queensland Business Review, managing director at Grow Consulting Group Ayda Shabanzadeh explained that purchasing property in Australia would be a healthy investment in the current climate.
He suggested that rental yields are also set to improve.
Mr Shabanzadeh said: "Indications all currently point to an increase in rents next year thanks to a growing population and a shortage of new developments.
"Not only are they very likely to experience a low vacancy rate over the duration of their investment, but their repayments have the potential to be higher due to higher rents being received."
The claims follow data published by Australian Property Monitors for September, which indicates that rental yields for both houses and units have remained close to five-year highs.
Speaking to the Queensland Business Review, managing director at Grow Consulting Group Ayda Shabanzadeh explained that purchasing property in Australia would be a healthy investment in the current climate.
He suggested that rental yields are also set to improve.
Mr Shabanzadeh said: "Indications all currently point to an increase in rents next year thanks to a growing population and a shortage of new developments.
"Not only are they very likely to experience a low vacancy rate over the duration of their investment, but their repayments have the potential to be higher due to higher rents being received."
The claims follow data published by Australian Property Monitors for September, which indicates that rental yields for both houses and units have remained close to five-year highs.
