While we have observed another rise in interest rates, a tightening of the
economy, and increased household pressures, the rental market has
proven to be a strong investment opportunity for many landlords.
Due to limited rental availability in numerous areas, weekly rents have
been driven up, with the national median now at $550 per week. This
median rent represents a 3.8% increase over the previous quarter and a
notable 14.6% increase over the year, leading to a rise in the gross rental
yield to 4.2%.
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