Nice of you to selectively quote unit increases and not house rents which rose by .1% over the quarter, well below inflation and a fall in real terms.
Further to the maintenance costs that are increasing if you own, what about interest rates?
As I pointed out on my blog the other day:
Using the standard variable mortgage rate from Loan Sense:
Mar-2010: 6.24%
Mar-2011: 7.79%
Invstors and owners (with a mortgage) have seen a cost increase of 25% over the last 12 months (an increase of 1.55% in rate) on interest rates alone, besides rising council rates, maintenance expenses, levies & other associated ownership costs.
Who is getting the squeeze? It certainly isn't renters!
