Build to Rent announcements in 3, 2, 1...

Rental crisis erupts

I was down at the footy last weekend and it's a very sad sight to see what extremely high population growth combined with far-too-tight lending standards is resulting in for Brisbane.

Judging from the vibes on social media people are generally livid about the rate of net immigration sustained through 2023, and now accelerating into 2024. 

Some thoughts for debate, in a social post which wound up all the people you'd most expect it to...

Some hyperbole here, of course - which is a key strategy for engagement farming - and yet more than a grain of truth as well. 

PropTrack reported another decline in rental vacancies in February.

Source: PropTrack

Notably Victoria has a record low number of properties for rent at 6,750, with the average property now leasing in only 20 days. 

I don't think that the punitigve land taxes are going to help here.

Sydney's quarterly decline in rental vacancy rates was even steeper, dropping from 1.39 per cent to a record low of 1.11 per cent. 

Expect some damage limitation policy announcements over the coming weeks...

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