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11:32
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Originally posted by jantheiler:
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Riddle me this, how can rental prices be increasing faster than inflation, with net immigration negative and assuming investor property purchases are pushing prices higher. Am I to believe that investors are inhabiting more than a single dwelling simultaneously? Surely net transfer of ownership is to owner occupiers purchasing from investors, otherwise, shouldn't rents be coming down as the supply of investment dwellings needing to make a rental income to support their existence increases? Or is this phenomenon just SE QLD specific? Anyone out there able to explain the causative mechanisms in SE QLD? Or is it the old sell high in Syd/Melbourne and buy up cheap in QLD on the basis of some fancified photos on the net and the likely soon to be up in smoke dreams of Covid free living the causation here? Would appreciate some opinions on WTF is going on.
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Simple demand and supply equation, jan. Plus, many homes (units and free standing) have been swallowed by the short term rental market in the form of holiday letting - Air B&B and Stays for a higher return and to avoid the States landlord and tenants Acts. Welcome to the brave new, and scary, real estate world.
