REIWA statistics for WA rental market- lowest vacancy rate since records began- highest average rent- investors have been leaving the sector so less houses available for rent. Then ABS statistics tell us that record number of houses under construction Australia wide- yet decreasing new starts and building approvals.
Could it be too that punters waiting for their homes to be built are renting and worsening availability? Could the high rents make it harder for tenants to save for their home deposits? What happens when the current construction overhang is met- builders catch up? Where do migrants and students etc live if they start to arrive again?
What does this mean for developers- SGP etc?
Though I could be over thinking it.
IMHO DYOR
SGP Price at posting:
$3.87 Sentiment: None Disclosure: Not Held
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