Rental Crisis: Is There a Way Out? Suburb Trends Report May 2023

Picture this: a country caught in the grips of an unprecedented rental crisis, where finding a place to call home has become an arduous battle for countless Australians. The very fabric of the real estate market is strained as supply dwindles and demand soars to staggering heights. 

In the face of this dire situation, our resident data geek, Kent Lardner, takes on the monumental challenge of untangling this complex web and shedding light on potential remedies.

Today, we plunge into the depths of the rental crisis, guided by Kent Lardner's tireless research and analytical expertise. We investigate the intricate interplay between supply, demand, and socioeconomic factors that contribute to this critical juncture. With a data-driven lens, we scrutinise potential solutions, daring to challenge the status quo and disrupt conventional thinking.

Tune in to this month’s Suburb Trends report where we navigate the tumultuous landscape of Australia's rental crisis — is there a way out?

Episode Highlights:

00:00 - This is our Suburbs Trends Report for May 2023

00:55 - How Kent tackled the challenge of solving the rental crisis

03:58 - Top 10 areas in terms of percentage of rentals

09:48 - National rate of vacancy is under 1% — it’s CRAZY!

12:11 - Why first home buyers are scared to go into the rental market again

16:53 - The disadvantages of the rent-to-share scheme we’re seeing in other cities

18:55 - Government incentives for boosting investment in multi-family residential properties

22:47 - Who’s to blame for the rental rates rising above CPI?

26:07 - Is this a viable solution for solving the current housing crisis?

27:43 - Another problem being caused by short-term rentals

30:38 - Various incentives and policies that could address the housing problem

32:18 - The political aspect of housing policies

36:08 - Investors are pulling out of the market because of the rental issues

40:11 - Can prefabrication and 3D printing address the problem of labour shortage?

42:07 - What’s starting to change in the rental market?

48:34 - What’s the impact of new developments in the rental markets?

About Kent Lardner:

Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media.

Connect with Kent Lardner:

Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner

Kent Lardner’s Website: Suburbtrends https://suburbtrends.com/

Resources:

Visit our website https://www.theelephantintheroom.com.au

If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected]

Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au

Work with Veronica: https://www.veronicamorgan.com.au

Looking for a Mortgage Broker? https://www.blusk.au

Work with Chris: [email protected]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast

Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719

Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

See omnystudio.com/listener for privacy information.