Rentals in demand, but more likely to be put on the market
Right now, rentals are in hot demand, as we’ve commented previously, and while tenants are being more selective as they seek warmer, drier and more modern homes to rent, they just might have to change that view a little as the already growing number of investors selling in anticipation of their portfolio construction coming under the gaze or reviewed tax laws, becomes a major trend.
Under these circumstances there could, and we stress ‘could’ be a shortage of rental properties in some market sectors.
Of course the up side to this scenario is that first home owners will again get a chance to purchase as was the case in the early part of 2009. Banks seem to be signally they would view this as a positive issue.
Filed under: REAL ESTATE | Tagged: Real Estate