NSW property investors bailing out, causing more renter pain
The rental crisis is set to worsen further in New South Wales as property investors are driven from the market by higher interest rates, questionable regulations and speculation around rent price caps.
Rental properties are becoming scarcer by the day and investor apprehension is only likely to worsen the rental crisis. (Image source: Shutterstock.com)
Property investors in New South Wales are deserting the property market, ensuring more gloom for renters already struggling under the weight of rising rents a lack of properties on the market.
A recent survey conducted in the state found that of the more than 2,200 investors who completed the survey, an alarming 27 per cent were considering selling their investment property.
This is despite the well-publicised rent increases that should be a lu…
