The pros and cons of rental guarantees

 What’s in store for apartment investors when the rental guarantee runs out? Marc Pallisco finds out.

According to most real-estate agents, Melbourne’s apartment market has decelerated from the heady heights of the late 1990s. As such, developers have been forced to devise new methods to maximise existing demand, with the goal for many being to achieve enough pre-construction sales to make the development profitable.

One concept that has gained popularity in recent years is the rental guarantee.

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2010 to be Year of the Residential Rent Rise as Landlords Pass Interest Rate Rises to Renters

LAST year was the weakest year for rental growth since 2002, and the aftermath of the September 11 terrorist attacks, according to a new report by Australian Property Monitors.

The latest APM report shows a 2 per cent national increase for rents, down on the rate of 12 per cent, during the “boom” 2007 and 2008 conditions.

The winding down of the first home buyers grant, better employment prospects, strong house price growth and low vacancy rates will all contribute to a stronger year for rental growth in 2010, The Australian reports.

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