Government warned for 3 years lending changes would create issues

[reigns]

Property investors have been baling out big time in case you haven't noticed. The government has hit them every way it can so many have simply given up. So what you have left is a shortage of rental properties driving rents up. The one thing that is in their favour is that the government has also driven house prices sky high so that selling has become even more attractive.

Bargains can only be snapped up if they are there. If there's a potential owner-occupier at an auction they will always over-bid investors.

Good. Rents went up consistently before property investors were bailing out big time so I'm not convinced that fleeing "investors" is rent cost villain here. Renters have been squeezed for ages, it's only now that that squeeze is finally tight enough to hit landlords.

Instead of crying about how hard it is now, they should be grateful they got away with creaming it for so long.