show rents in the Melbourne LGA rose 34 per cent in the 12 months to August 31.Advertisement
“Without any signs of a material rise in rental supply, the outlook for rents remains one of further growth,” says Tim Lawless, Corelogic’s research director, Asia Pacific. Andrew Wilson, chief economist at My Housing Market, says high rents reflect an undersupply of rental properties due to earlier lending policies to investors and developers that were too restrictive.Demand for rental accommodation would continue to increase, Wilson says, with the return of international students and boosted immigration placing further upward pressure on how much people pay.
jcollett_money Go labor!! 😒
jcollett_money gonna smash my tenants ... they won't know what hit 'em. lots of juicy immigrants to take their place if they leave. immigration rocks!!
jcollett_money Details are on my Facebook (Jessie Cai)thank you.
jcollett_money Disgusting. Business/Govt put their citizens last.
jcollett_money Was the housing shortage addressed at the jobs summit last week? How on earth do we house all the increase in overseas immigration and working visa holders without a like for like increase in homes for them to live in?
jcollett_money Was that Albo’s plan? 😂😂😂
jcollett_money Can we just get rid of all borders and be done with it
jcollett_money If we can’t fix the housing crisis we may as well blow it up by making it way worse to breaking point of society. Perhaps it’s the only way to correct.
jcollett_money Have you sacked BevanShields yet?