Today’s Sunday Mail in Adelaide has an article titled What Rental Crisis, Some properties on the market up to five weeks.
ADELAIDE’s rental crisis is over, according to real estate agents. Rental properties which earlier this year were being snapped up before being advertised are now are more than a month on the market, a property survey shows. Other rental homes in traditionally high-demand locations are falling to attract anyone to open inspections.
“Greedy landlords and an increase in investors had seen the rental market return to normal much quicker than expected, real estate agent Anthony Toop said.”
So it appears the rental catastrophe is over already. Boy, that was quick. Or maybe there wasn’t one to start with? Maybe it was hype to get investors to return to an over inflated market with poor retail yields before it collapses?