It all started in 2017 when APRA restricted funding to investors,
meaning the number of investors providing rental accommodation decreased.
Then during the pandemic era of 2020 and 2021, many investors sold
up and, in general, owner-occupiers purchased their properties further
decreasing the stock of rental properties.
However, during this time the average household size got smaller
as many young renters fled share houses for the "safety” of one or two-bedroom
apartments.
And more recently, with our borders reopening and tourism
increasing, many properties that had been put into the long-term rental pool
are now back on Airbnb, thereby lowering the number of properties available for
long-term tenants.
RealRenta has all
the tools that a property manager has but for less than ¼ the cost of a
property manager.
Join now and the cost is less than a cup of coffee a week to manage your
rental property
RealRenta also has a free vision, so why not check it out
Jason Gwerder
Wednesday, 15 June 2022