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Property investors should panic now – MacroBusiness

The smart ones already are. Via the AFR: Property investor Taku Ekanayake has sold two of his six residential investment properties, is revaluing the remaining and considering a switch into commercial property, possibly warehouses. …According to City Resident…

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The smart ones already are. Via the AFR:
Property investor Taku Ekanayake has sold two of his six residential investment properties, is revaluing the remaining and considering a switch into commercial property, possibly warehouses.
…According to City Residential Real Estate, there are nearly 27,000 apartments for rent in Mebournes Docklands, Southbank and inner Melbourne, an increase of about 500 in the past week.
…Chetcuti says she is negotiating with landlords every week to reduce the rent …

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