Have you or someone you know experienced the mayhem in the rental market lately? Rents are up nationally 10.1% in the last 12 months according to SQM. Underlying that is up to 50% increases as existing tenants’ leases expire, bidding wars for new properties, and inspection queues sometimes winding around the block. Where is this coming from? And what does it mean looking forward? Nucleus Wealth’s Chief Operating Officer, Shelley George, and Chief Economist, Leith Van Onselen, take a look.
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Shelley George is Head of Operations at Nucleus Wealth.