Interesting quote from the Weekend Australian Financial Review this last weekend.
"Rents may have stalled but that hasn't put off investors who are out at the auctions again, looking for bargains."
The article says that the rental market has weakened because first-home buyers are moving into their own properties. That's probably true in the less expensive housing areas, but in Beecroft we've seen no sign of the bottom-end rental market weakening. However I agree with the article when it says "the upper end of the rental market - properties that cost more than $1200 a week - was the first to weaken. There are fewer companies sending employees to Australia." Absolutely what we see, and what I have blogged about before.
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