Desirable tenants become scarcer as 'accidental landlords' add to rental glut
The rise of “accidental landlords” may be contributing to a rental property glut that is likely to tip the country into a renters’ market, CoreLogic head of research Nick Goodall said.
Goodall said the pattern could be read from similar numbers of properties being removed from the market, where total listings were up 77% on a year ago, and a concurrent rises in rental stock.
“What that brings is a rise in rental supply, less upward pressure on rents, and potentially downward pressure on rental rates too,” he said.
A survey by economist Tony Alexander and property management company Crockers suggests landlords were finding it harder to find good tenants.
The report noted landlords no longer on average considered it easy to find good tenants, and trends suggested soon there would be more landlords finding it hard to get good tenants than found it easy.
Source STUFF
