There is a “dramatic” reduction in properties available for rent as investors are “selling up” instead of buying, according to REA Group economist Anne Flaherty.
“We’re starting to see the population grow again, international students and migrants are coming back,” Ms Flaherty told Englishheadline Australia.
“At the same time, we’ve seen a lot more property investors sell up than buy over the last couple of years.
“And that’s dramatically reduced the total number of properties out there available for rent.”
In partnership with realestate.com.au.