Very low vacancy rates have been the reality for most parts of Australia for years now.
And, as a consequence, we’ve seen major rent rises, causing financial hardness for more and more tenants – if they can find somewhere to rent at all. Until recently, media has reported the fact that there is a shortage of rental properties and that rents are rising fast – but there has been no analysis about why we are in this difficult situation.
Now, at last, media is starting to write about the circumstances that have led us to a national rental shortage crisis – specifically, the series of political actions which have deterred investors from buying properties and making them available for rent – or prompting investors to sell up and exit the property investment market.
We acknowledge the traditional owners of the lands on which the Hotspotting team lives and works. We pay our respects to their Elders past, present and emerging, and celebrate and respect their continuing cultures.