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
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
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Wednesday, 15 June 2022