First there was the runaway house prices that soared to new levels despite the pandemic. Now there are signs that rent could be rising too as Australia faces a potential shortage of rental properties. In a recent analysis of how Covid-19 has shaped the Australian property and housing market, CoreLogic said it Rent Value Index, which tracks changes in rental valuations over time, has surged to new record highs.
Rental property shortage on the horizon?
Rental property shortage on the horizon?
Rental property shortage on the horizon?
First there was the runaway house prices that soared to new levels despite the pandemic. Now there are signs that rent could be rising too as Australia faces a potential shortage of rental properties. In a recent analysis of how Covid-19 has shaped the Australian property and housing market, CoreLogic said it Rent Value Index, which tracks changes in rental valuations over time, has surged to new record highs.