Citylife Projects

SCARCITY: As development sites start to dry up, combined with increasing demand, and with rentals increasing dramitically, supply of apartments for sale on the market has rapidly started to decline:

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STOP PRESS! APRIL 2012

AUSTRALIA "ON THE VERGE OF RENTAL CRISIS"
Australia could be on the verge of another rental crisis, with Perth expected to be hit the hardest, Australia's largest property developer says.
"Rents are going through the roof, just ask anybody who's tried to rent a house in Perth in the last six months - it is a nightmare," Mr Quinn told a property lunch in Sydney on Tuesday.
The phenomenon of increasing rents was occurring around the country.

He predicts queues of house hunters will soon be seen at rental inspections, leading people to pay more to lease a property.
"It's already happening"

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