Now lets see what there saying, investors have forced rents up in the last 10 years in Sydney! What a load of rubbish, you vote on the following: A. The ongoing deficit of new homes built in the last ten years in NSW may have something to do with it. B. Greedy smsfs, overseas, and local investors and smurfs are buying properties and not renting them out because they do not like tenants. Naah. C. Bloody immigration in this city because it is a nice place to live. not!! D. The government hoarding all the land. If a City grows and you do not increase the supply of new dwellings of course rents will go up! Simple supply and demand the writer must of not studied at school. Rents go up because there are more renters than houses. investors do not take out rental stock they are putting on the market. Also investors by investing in new developments increase the housing stock thus less pressure on rents. If you look around Sydney today we will have tens of thousands of new dwellings coming on board, the vacancy rates are already steady or getting higher. In a month the next headline will be rents are not moving because too many dwellings are on the market. god help us if this is the quality of reporting!
Posted on: Sat, 15 Nov 2014 02:42:35 +0000
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