Perhaps not as good as you might think.
While I can understand where the writer is coming from, and I hope they are right (I have an exposure to commercial real estate) I suspect thet they might be a tad overenthusiastic.
Currently residential rental vacancy rate is sub 1% in every city in Australia and renters are offering rnets above the asking price to get into a place.
If you already own a property this is a greata place to be, but if you are looking to buy a property to rent I think you have missed the boat.
You'll have to wait a few years until things cool down a bit more.
- Flight towards cash flow.
- Increasing rents.
- Yield compression
- Post-COVID boom
- Still not mainstream
I find it difficult to follow the logic, it seems to me to be more a case of "I had to find something to write about" than a well researched article.
Leave a comment on what you think.