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SYDNEY'S rents have fallen for the first time in three years.


connaust

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But they are likely to start rising again soon, analysts say, driven higher by increased interest rates and an employment market that appears to be stabilising......

 

Really?

 

Conversely, according to Chris Martin Policy Officer at the Tenancy union of NSW:

 

"Also, depictions of a housing shortage were overblown. ''We have 830,000 unoccupied dwellings in this country,'' he said"

 

What the real estate market does not tell you, nor want buyers to know, is the huge amount of property that owners may want to sell but cannot, or are waiting till later to, sell...accordingly it has been suspected that the real estate industry is trying to limit supply of properties coming onto the market, to maintain sales, auction clearance rates and prices.

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