Renters around the country are being warned of more pain as limited supply pushes up prices. That’s based on a new analysis by Proptrack of listings across its website Realestate.com, and the impact is not just being felt in capital cities.
Persistent demand and dwindling supply: that's the tough equation facing renters as the number of listings available continue to tighten.
"Unfortunately what is means is bad news for renters, but we do have this situation where we have excess demand for rental properties and we've got a very low supply of rental stock and that means that people who own rental properties - landlords - have got scope to to ask more for rents for those properties."
"Our vacancy rates are the lowest they've ever been and it is a challenging time out there's nothing to rent - people are really searching and there is nothing for them to find. It's a combined series of events that's happened but it's led to a situation where rental opportunities are very low.” The student was allegedly exposed to fraud after struggling to find accommodation through traditional real estate websites.
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