Housing affordability has a big topic this year, and it’s clear that renting will be the status quo for many for their entire property life.
Rental security is now a social economic issue so why hasn’t the property management industry adapted to the changing marketplace? In Australia, a long term tenancy is still considered to be anywhere between 6-12 months. In some parts of Europe, tenancies are offered for a minimum of 3 years and can last up to 10 + years on average. So are landlords, renters and property managers in Australia prepared to open their minds to the possibilities that this may be a win, win, win?
Question inspired by: John Gilmovich from RealPropertyManager and Cooper Agency