Affordability gap improves for apartment investors

Sharp reductions in interest rates in the past 12 months have seen the gap between rental income and mortgage repayments narrow dramatically, according to BIS Shrapnel’s Inner Melbourne Apartments 2009 to 2016 report.
BIS Shrapnel senior project manager and report author Angie Zigomanis said the vacancy rate is now positioned at around one per cent, underpinning [...]