Inflaction in the housing market.

Over here in the a Gold Coast, the majority of properties doubled in value from around mid 2021.

Investors took advantage of the equity increase and cashed in.

This left renters having to look for new properties to rent once their lease ran out (fortunately some still have 12 months left on their lease) but the shortage of rental properties escalated the weekly rent prices. Some as much as $ 100pw in a lot of properties.

People are having to move further out of the city. They say what goes up must come down, not something that happens a lot in real estate. If it drops it will be nothing on the increase that happened.

But….The investors will come back, they’ll reinvest… it’s all apart of the cycle.

Over here in the a Gold Coast, the majority of properties double in value from around mid 2021.

Investors took advantage of the equity increase and cashed in.

This left renters having to look for new properties to rent once their lease ran out (fortunately some still have 12 months left on their lease) but the shortage of rental properties escalated the weekly rent prices. Some as much as $ 100pw in a lot of properties.

People are having to move further out of the city. They say what goes up must come down, not something that happens a lot in real estate. If it drops it will nothing on the rise.

The investors will come back, they’ll reinvest… it’s all apart of the cycle.