NTTG,
I have also posted (several times) the vacancy rates in England and USA.
In England the figure was about 5% of properties vacant and seeking occupancy.
In the USA it was a staggering 9-12% depending on which city you looked at.
Both of these countries had experiences a development binge which left them woefully over-supplied with houses.
Australia is in the opposite position with very low vacancy rates and insufficient new supply being built.
I may as well just copy and paste my posts every few weeks as it seems the same rubbish is brought up time and again.
If there was a sincere desire to understand then I think things would be different. What we actually have here on Hotcopper is lots of individual soap boxes, not much seeking of truth I am afraid.
Time will show who was right and wrong and then there will be a whole new raft of predictions.
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