How many people are looking for rental property in Melbourne?

Investing in rental property in Burpengary is a big step, which is why you will want to make sure there is plenty of demand for any real estate you buy.

Well the good news at the moment is that the vacancy rate is falling across Melbourne, which should give you the confidence to make that all-important purchase.

SQM Research explained that more people are likely to be in search of rental property now the new year is underway, especially as people start new jobs and return from their summer breaks.

Melbourne's vacancy rate stood at 2.8 per cent last month, which marked a decline from the 3.2 per cent recorded in December.

There's also been a slight year-on-year decline, as back in January 2014, a total of 2.9 per cent of properties in the city were without tenants.

Once you've decided that a rental property investment is for you, it might be a good idea to get in touch with a real estate agent in Burpengary to help you on your way.

After all, the market can be particularly daunting if you're making your move for the first time, which is why we're here to assist at every stage of the process.