Rental supply stagnating in New South Wales
Analysis of the number of bonds held by the NSW Rental Bonds Board shows that the amount of properties rented in the state is stagnant.
The vacancy rate for Sydney has fallen another 0.1 per cent, to 1.6 per cent. (Image source: Shutterstock.com)
The Real Estate Institute of NSW issued a challenge to the NSW Government this month.
Based on the reforms the Minister for Better Regulation and Fair Trading is championing, the plan to drive investment into the residential rental market in order to solve the rental crisis is clear.
It begins with taxing an investor in the form of stamp duty for the ‘privilege’ of making a property available for rent, before telling them what they can and can’…
