Weighing up rental vacancies and unemployment rates
Ideally property investors will purchase in a suburb where vacancy rates are high and unemployment figures are low, but the two factors have to be weighed up if either is less than ideal.
The latest Australian Bureau of Statistics data shows the total value of mortgage lending in July 2016 was $31.8 billion, or 1.8% lower than mortgage lending in June 2016, and down 4.1% from the peak of $33.2 billion recorded in April 2015.