The stats and the experience are pointing to the fact that rental returns are down for this period. The implication is that the Stamp duty rise galvanised the sector into buying just prior to the rise and putting those properties on to the rental market.
The thing that I don’t understand though is that property ownership is down in the stats and there is an under-supply in the market.
So either people are staying with Mum & Dad longer than they should or enough of the other bunch are feeling un-welcome and leaving in their drove.
Property Management & Development