WTF is going on here ? Megan Moore – who lives with a disability – is now facing the reality of sleeping rough, as the NSW Civil Administrative Tribunal is called in, to review her case.

Australia’s rental crisis : Increased Government intervention is dissuading inverters

Tighter rental laws have dissuade people from investing in property and State governments are changing tenancy legislation in favour of tenants.

One of the most attractive advantages of being a property investor is control – you want to have full control over how you use and improve your assets.

These new tighter rental laws reduce the amount of control investors have over their property.

They also increase the cost to run a rental property thereby reducing investment returns and/or put upward pressure on rents.

Supply of new builds is low:

During the pandemic, soaring materials and construction costs meant that fewer new dwellings were completed.

Significant government support for the construction industry, such as HomeBuilder, had a large effect on the increased number of houses that were constructed (and are still under construction).

But this was offset by reduced unit construction.

Unit construction has much longer construction times, and uncertainty about demand and the economic environment delayed many projects.

At the same time, this combination of headwinds means there has been an uptick in the number of building companies going into insolvency.

Realistically, little change to the current situation is expeted in the near future.

Video By | Marina Trajkovich