What The Other's Are Saying...
We are currently experiencing a severe shortage of rental housing in the area and demand is far greater than supply. Our current vacancy rate is 0.27 percent which is the lowest I have experienced in 13 years. We are seeing multiple good quality applicants applying for properties and rents are continually rising.
Ray White Belmont Tingalpa Rental Manager, Jody Marsden
There is no economy and real estate market in the world more solid than Australia's. For those who can move beyond the pessimistic perceptions, the reality is that this is a time of great opportunity. Those who buy investment properties now with vacancies low and few buyers to compete with, will be the winners from this period. Those who panic and sell into a down market will be the losers.
Independent property market commentator, Terry Ryder in his Hotspotting publication
Residential construction is forecast to be a key support for the Australian economy during 2009. The national number of dwelling starts is forecast to rise by 10 percent in 2009 which will be the first calendar year of growth since 2002.
Leading industry analyst and economic forecaster, BIS Shrapnel
We don't have an over supply of housing- we have a significant under supply. In Brisbane, we've seen a strong rental growth for going on three years.
Robert Mellor BIS Shrapnel
The fall in investment loans for new housing provides some real concern for the state of the private rental market. Australia's population is growing and unless we boost the supply of new homes, we can expect even lower vacancy rates and further price pressures.
HIA Chief Executive, Chris Lamont
