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rents are rather inelastic and at best very delayed. It is good (well more so than usual) to be a renter in this environment

with Gorgon and now Wheatstone, the future direction of IRs in this country for the foreseeable future has been set. The impact on housing will be very beneficial - rents can only rise in response. Expect some govt interfernece in the rent market... it will become a political issue as renters in...