Don’t blame investors for Australia’s current rental crisis, says a prominent real estate investor who owns 40 properties. Thoughts?
Not only are the vacancy rates across the country at their lowest, an increasing number of tenants are finding it next to impossible to find a property to rent.
“Home ownership across Australia is low because everyone wants things on a platter. People complain that it’s too hard to buy property and that properties are too expensive. That couldn’t be further from the truth. “The pandemic has only exacerbated the rental crisis as when Covid hit Australians came back to their properties. With Air BnB coming in, there have been even less long-term rentals on offer in the market. The situation is only going to get worse.”
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