Contrary to many media reports, greed is not the answer. Realistically we do not have landlords’ hoarding houses as statistics show that majority of investments are singularly owned and by mum and dad investors.
Another myth to be contained is that it is the real estate agents doing – real estate agents work with in the market they do not make the market.
The real reason rental prices go up or down comes down to basic supply demand.
However, it is true that we are seeing unprecedented significant rises over the last year and this could be because mortgage servicing costs are heightened due to higher interest rates, people moving back to capital cities and overseas migration is lifting.
We are yet to see a real volume of investors re-enter the marketplace and therefor in my opinion I don’t foresee any drastic relief in rental prices in the short to medium term.