Advertisement
The CEO of ASX-listed portal rent.com.au, Greg Bader, has predicted that rents will soon follow prices down:
“In isolation, house prices falling does not impact rents,” Mr Bader said. “But what tends to happen is that people put their properties on the rental market to get a return rather than let them sit idly. So there’s more available stock and this flows through into lower rents”…
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Advertisement