The Great Australian Rental Boom. 


It’s the rental Boom Australia had to have.

It’s the rental boom Australia had to have, with some commentators describing it as a “a perfect storm” that has blown away forever cheap rental accommodation.
 The lack of new construction and supply over the past 5 years, unprecedented new migrant arrivals, the population growth, combined with the huge lack of property available to rent and full occupancy rates, plus many Developers cancelling new construction due to Developer finance  drying up, all points to a crisis situation for tenants and shortages of accomodation, with rising rentals for years to come.

The Global Financial Crisis made this situation worse in Australia, as opposed the USA, where there were thousands of empty houses. Australia has the opposite problem.

And now, new figures out in September 2011 show Australia could face a house shortage of over 500,000 within 9 years.(Housing Industry Associatiion Report, 1 September, 2011)

A number of factors have come suddenly come together for the first time in decades.

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