TPN is a registered credit bureau that conducts ongoing research into consumer patterns and behaviours regarding debt repayment. Rivigan Property Group works closely with this information in order to give the best advice to their clients and stay in touch with market trends.
When considering the purchase of a property as a residential rental investment, the following information is extremely useful:
- The rental bracket of R3000 – R7000/m holds the best performance for rental payment with 84% of tenants in good standing
- The next rental bracket is R7000 – R12000/m with a performance of 82%
- Rentals for under R3000 and over R12000/m have the lowest performance at around 74.5% - almost 10% lower!
(figures at June 2011)
You need to plan and research your options in order to make the best property investment, so evaluate the long-term return of a property in a strong-performing market bracket. The current trends in rent payment (as shown above) are a valuable guide to making this decision and will help you make a wise choice in property, as well as in your managing agent.
When dealing with a reputable and trusted agency, you are on the right track to sustaining a viable and profitable investment in your property. If you want to buy a property to rent, let our agents know so that we can advise you accordingly. Make the smart choice, choose Rivigan Property Group.
