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Aussie rental market to boom says NSW chief
Thursday, February 02, 2012
Australia’s rental market could boom in 2012 as the country suffers from a chronic lack of supply according to the chief executive of the Real Estate Institute of New South Wales.
Tim McKibben believes that it is currently “a landlords’ market”.
“When you’ve got 30 people lining up for the one property you’re essentially going to have 29 people missing out,”
Mckibben added that this scenario could worsen after a change in stamp duty requirements meaning potential homeowners now have to fund their stamp duty from this year.
Source: OPP.org.uk
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