Supply still choked but multiple new developments in the pipeline
“Landlords often see themselves as being in a thankless role."
While the supply of homes into the rental market is still hopelessly inadequate, the fact that a number of new developments are on the horizon offers some quantum of solace.
“In the next half, we certainly are getting on a lot of new properties,” says Kelly Mellerick of REA Downey McCarthy, “but all of these properties are coming in at market rent rates, as they’ve obviously never been rented before.”
Revoiced
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