Rental crisis worsens as vacancy rate for Feb drops to 1.6%. Full story Perth Now. Rents jump and tenants line up. So those people telling of rental crisis on HotCopper late last year were right. Expect to hear all the sob stories and talk back radio callers being kicked out as rents become unaffordable. I take no delight in their troubles but business is business, rents have been too low for too long. When Investors do not buy and first homers do not build, then where do the 150 people a day coming here live. Next logical projection when rents become too much it is cheaper to buy. Maybe that is happening now and the data will not show for months. You aint seen nothin yet.
