Business
Thousands of apartments to flood CBD markets – The Australian Financial Review
More than 4000 rental apartments could be listed for sale in the Sydney and Melbourne CBDs over coming months as landlords look to exit a troubled sector.
There was a high proportion of investors taking advantage of those mortgage repayment holidays, so they were on life support to some degree, he said.
Those investors were finding it hard to get a tenant or they have to take a much reduced rent. Now that they dont have that support mechanism, some investors may have to sell because their outgoings cant match their income, he said.
Some sellers, though, may find willing buyers as the broader unit market shows signs of stabilising, said Cameron Kusher,…
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