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.”Â



