Opportunity knocksfor Stonnington investors

Investors are reaping rewards in Melbourne’s inner-southeast suburbs where the rental market is flourishing.

The City of Stonnington offers huge opportunities for investors and rental providers who are taking advantage of the region’s high rental yield and robust capital growth prospects.

High demand and low supply of properties are driving up rents, and investors are securing quality renters, longer leases and favourable returns. The availability of homes to rent is at a record low across all Stonnington suburbs, according to RT Edgar Toorak Business Development and Leasing Manager Taylah Cagalj.

Vacancy rates have plummeted to 1 per cent, the lowest in 16 years for the office, and the rate across Metro Melbourne has dived to 2.4 per cent, according to the Real Estate Institute of Victoria.