“With recent record high levels of new housing construction and investor mortgage activity, the supply of housing stock available for rent is climbing and is expected to continue to increase.”
Australia has a growing population and the people moving to Australia need to be housed somewhere. Over recent years the uplift in population growth has not been met with a commensurate rise in property sales. Rental advertisement counts suggest that the population growth is increasingly being housed via investment housing (rental accommodation) which aligns with the lift in investor housing finance commitments over recent years.
Source: Corelogic
Click here to read the details:
https://www.corelogic.com.au/news/rising-rental-listings-signal-ongoing-softness-across-some-rental-markets?utm_source=Newsletter&utm_campaign=PP13MAR17&utm_medium=Email&utm_content=text