The recent National Cabinet decision to put an end to the idea of rent caps could see more Victorian landlords resist the urge to sell
The rental crisis in Melbourne that is seeing exorbitant rent hikes for even the most humble of apartments, continues on in earnest as apartment listings slumped for the month of April.
Units are offering particular value for renters, largely being driven by the falling demand for inner-city apartments since the pandemic hit.
The rental squeeze is tightening hard in Australian capital cities, with some recording vacancy rates as low as 0.1 per cent.
Some landlords in our state are choosing to sell up rather than try to meet new minimum standard property laws that came into effect at the end of March.
Landlords in Melbourne can’t get tenants right now while those in the regions can’t keep up with demand in this crazy COVID year.
The success of the build-to-rent sector is set to continue with predictions that 10,000 apartments could be developed each year by 2023.
The national median rent price has ended its long run of straight growth, dropping half a per cent amidst ongoing COVID-19 uncertainty.