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Landlords say rising taxes, tightening tenancy laws and high interest rates are pushing them to sell up.
RENT
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Justin couldn’t get a rental until he offered more money. How is he supposed to buy? (Sydney Morning Herald)
Sydney rents have soared to record highs, and the asking rent for a typical unit is now $130 a week higher than it was a year ago.
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If you speak to REIWA property managers they say the most important thing to do is fill out your application correctly.
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Across the housing sector, from renters to real estate agents and landlords, there’s broad agreement that Australia’s rental system needs an overhaul.
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With rent prices skyrocketing around the country, tenants are being forced to look past potentially dangerous property flaws in order to secure a rental.
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Housing rents are a timeless social and economic issue, though their political salience rises and falls with the macroeconomic cycle.
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Some Aussie real estate agents have had enough of combative tenants, forcing them to take steps to keep themselves safe.
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Victoria has abandoned a plan to cap rental increases to tackle housing affordability.
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Property leaders have commended the national cabinet’s recent housing targets as a positive stride forward.
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The nightmare scenario is many thousands of office buildings being deemed virtually worthless as leases come up for renewal.
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Units in Murarrie, Kangaroo Point, Kelvin Grove, Teneriffe and Cannon Hill now boast the strongest rental yields for landlords.
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A severe shortage of apartment rental supply could lift rents by a further 13 per cent in some inner city districts next year.
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