Sadly, that is true, grant. I was talking to one of my old buds...

Sadly, that is true, grant. I was talking to one of my old buds the other day of whom owns one of the biggest agencies in Melbourne - and he said much the same thing. Paraphrased he said: "It's just gone too far to the other side and landlords are choosing to shift assets or get out altogether."
A twofold effect of adding stock to the PPR market deficit and in many cases removing stock from the rental sector - the 'Catch 22' of Ying and Yang.

In any case it adds to the host of moving parts and complexities in this unprecedented RE market, which makes predictions of any kind purely speculative in terms of stretching the envelope.