I guess this was quite predicatable given the situation, but here's confirmation.
From Independant- http://www.indgroup.com.au/market_update.php
Mostly sales stuff, but interesting-
And advice from an agent is that the pressure is on prices- "perhaps artificially".
From Independant- http://www.indgroup.com.au/market_update.php
Mostly sales stuff, but interesting-
Confirmation- I've started to get phone calls from people who know I have properties, and who want accommodation.Rentals reach an all time low
Independent Property Group has recorded an all time low with rental vacancies for February at 0%. In addition the number of lettings were up in February and rents continued to increase in line with market value by $20 per week on average.
Independent Property Group is still receiving multiple applications on properties across Canberra with the demand particularly strong from University students looking at the less expensive end of the market and for shared accommodation.
And advice from an agent is that the pressure is on prices- "perhaps artificially".