It's been a long time since the underlying indicators was so positive for Real Estate buyers, not with standing high interest rates.
In many ways it's a perfect storm for property investors, although not so good for households to rent.
In simple terms there's a serious imbalance between supply and demand, which continues to become more pronounced.
Australia has just recorded the highest population in 20 years, boosted the highest ever levels of overseas migration at the same time the nation is not building enough new dwellings with building approvals in steady decline for the past three years.
Australia has shortages of residential land of houses of apartments and of homes available for rent . Politicians have a few ideas on how to fix this problem of shortages of everything important in Real Estate myriad problems in the building industry mean its not possible to build enough new dwellings and their gov targeting of Airbnb is convenient scapegoat will do little to improve the rental shortage.
Prices and rents will continue to rise for the rest of 2023 and into 2024, creating a climate that favours Investor's while being bad news for tenants.
Source Hotspotting.com.au
