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They have huge demand and very little supply. When you add in flights to and from + accommodation, becomes cheaper just to rent a place. With higher rents it increases the price. Supply and demand 101...

sarcasm... Yes more investors and more properties being built for them, look at the construction start for Multiresi over the last 12 months and what was the forecast..

Nah it is all those greedy landlords right..... :P