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Australia: Rental residential property booming with long queues

Posted on 30 January 2012

House prices might be sluggish, but all signs are pointing to a booming rental market this year, with long queues at inspection times and tight vacancy rates. But high rentals and shortage of properties means landlords are able to pick and choose tenants who tick every box, leaving many single parents and self-employed people struggling to find a home.
Tim McKibbin, CEO of the Real Estate Institute of NSW said the residential rental market was suffering under a heavy demand which is far outweighing supply………………………………………..Full Article: Source


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