Rate cut may help with rent - for a while
Friday, 17 October 2008
An ease in rental prices is good for right now but it’s not all good news for the longer term. Whilst some landlords are lowering rents or at least leaving them unchanged in the wake of recent interest rate cuts, the latest data from Australian Property Monitors warns that prices will most likely rise again due to a lack of supply and stronger demand for rental properties.Senior economist Liam O’Hara says that we will see upward pressure on asking rents. It seems renters aren’t out of the hot water yet.
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