Contrarian Investors' News > Property > Good news for renters in sought-after suburbs

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Good news for renters in sought-after suburbs

http://www.smh.com.au/national/good-news-for-renters-in-soug...

Submitted by cij 50 months, 2 days, 18 hours ago

Housing 'shortage' will not result in rents going higher forever and ever.

Tags: rents, Sydney

comment (1) | Category: Property | Add cij as a source

#1 - By PeteD, 50 months, 2 days, 14 hours ago.

Avg: Agree |

Thanks for posting that Ed. I don't like Jessica Irvine because she's usually a pretty useless reporter, but interesting nonetheless. Note that she quotes BIS Shrapnel at the end (haha do they have ANY credibility left?)

I particularly like this part:
==============
Meanwhile, supply of new rental properties had increased, Mr Christopher said, and a lot of investors were trying to sell and failing. "What they're trying to do to get some cash flow out of it is putting them into the rental market."
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So much for the "rental squeeze" that all these agents keep telling us will happen. I've been saying for a while now that renters 'will' have all the power when the landlords NEED renters just to stay financially afloat.
Someone in the UK commented on another site that some places are offering "first month rent free" deals in the UK to get tenants.

It's just a matter of time here...

Reply to PeteD

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