am i thinking right re rentals

Morning all, ASX is a no go today for me so few pointers I have been thinking about today to discuss..

I think many of us are geared for the housing market to slide further or at least expecting it to slide.

What % decrease is anyone guess at this point.

Now am I thinking right in saying off the bat that rental prices should increase further next 12-24 mths?

With unemployment going to increase substancialy, money markets tightening further for loans....more people surely will be bailing out of their own homes and having to seek rental accomodation?? therefore tightening up the rental market increasing rental returns..

Even if interest rates reduce further surely this will not affect reduction in rental costs if the rental market is still boyant with the influx of new prospective tenants.

I personally think rate reductions will be quite short lived before they turnaround and the housing cycles gets back to something that looks normal with key indicators.

Any comments most welcome..

cheers,

Dumper.