many property owners are just your average middle incomer earners trying to get ahead. With ever increasing costs the returns are modest in most cases. Without people willing to risk investment in rental properties you would be waiting for a millennium for the government to help you out. with increasing expenses including large interest rate rises, insurance increasing 20% per year, rates significantly increasing plus increasing regulation on rental properties with maintenance and labour costs increasing significantly each year. When tenants default you can get a court award but best of luck in recovering damage costs. we have decided to get out of rental properties. if we just put our hard earned $ in the bank now we can earn 4+% as apposed to continuous grief when tenants damage your property. so you will just have to blame the government from now on.
