Curbing the rental crisis

Around 91% of Australia’s 3.2 million rental properties are funded by everyday Aussie investors.

While governments have relied on private landlords to provide rental accommodation, they have introduced legislative changes that have in some cases leant towards alienating landlords.

The issue of short rental property supply is concerning and is worsening. Many Aussie investors have made the personal and financial decision to sell their investment property, partly due to uncertainty surrounding control of their financial assets. Not all investment properties are sold to new investors, meaning the pool of properties available to renters is diminishing.

What might you be able to do to help? What might encourage you?

The answer, at least in part, might be policies that are supportive of attracting more private property investors to supply the much-needed rental accommodation.

Governments need to encourage private investors back into the market, to help them act on the window of opportunity that exists for property investors with a long-term focus.

2023 is being spoken of as the year that property markets will reset, signalling the beginning of a new property cycle for many markets.

Will you be jumping on board? Or sitting on the sidelines?

Timing will always be tricky and sometimes simply too difficult to predict, however keen investor should be on the lookout for higher-grade properties in decent locations, which will likely hold their value far better than inferior properties and suburbs.

SOURCE: RE/MAX Australia