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Strong net migration into Australia combined with continuing weakness in the housing sector has contributed to one of the nation's worst rental shortages.

Vacancy rates for residential properties fell in almost every capital city in the three months to September, putting further pressure on rents, with more hikes to follow next year, according to the Real Estate Institute of Australia.

http://www.theaustralian.news.com.au/story/0,20867,20912096-25658,00.html


Alan Collett
alan-at-gomatilda-dot-com
Registered Migration Agent Number 0102534
Fellow of the Institute of Chartered Accountants in England and Wales
Member of the Institute of Chartered Accountants in Australia
http://www.gomatilda.com and
http://www.collettandco.co.uk
Offices in Southampton - England; Melbourne, Perth, Brisbane, and Geelong - Australia
 
Posts: 2625 | Location: Geelong, Australia | Registered: 01 August 2002Reply With QuoteEdit or Delete MessageReport This Post
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