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Oh and one more thing... I've been looking at some construction estimates for villas and a basic 3x2 on a multi unit site seems to cost around $200k to build. Same thing rents around $300pw in the areas I'm looking at, within 1/2hr of a major CBD on public transport. Equates to a net yield...

What a circular thread! It's all very simple in my mind. Yes, there are vacant rooms out there that may come onto the market. What is the one thing that will bring them onto the market? .... Higher rents! ..... We have an equilibrium now where resi rents across Australia are...