Noosa News
Why now might be the time to invest in the property market
A shortage of rental accommodation, multiple applications per property and rising rents are proof that Australia’s rental market is undersupplied, with predictions the country could soon see the “biggest rent increases in living memory”.
Propertyology head of research Simon Pressley said the property market had largely survived COVID-19 unscathed despite a sharp fall in migration, with only Sydney and Melbourne recording a surplus of stock and falling rents.
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