Government warned for 3 years lending changes would create issues

[Oh_hunnihunni]

SueDonim is right. Here in the overpriced leafy suburbs we have a lot of ghost properties. Most owned by overseas investors. It is sad really, houses need to be occupied and loved. Especially these pretty ones.

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"landlords have never creamed it.!"
Complete bollocks. When students were given a rise in funding to help with  hardship, some landlords increased their student rents by exactly the amount of that rise.

Some of them were reasonable & didn't over charge but some set very high rents despite knowing it would cause hardship.

So maybe the students were on a discounted rent and the landlord just brought it up to market rate. Or something. Unless you were that landlord you don't know. There are of course some bad landlords, but on the whole profits have never been extreme and most landlords are good. They need to be to protect their investments. Would you work 90 hours a week for three months renovating a house ready for tenants whilst also earning the money needed to pay for it? Would you spend Christmas Day repairing a major water leak and drying the bedroom carpet while the tenants have their Christmas? I've done both.

I have had some really bad landlords, but a couple of truly wonderful ones too. Unfortunately they are outnumbered in my personal experience. And one in particular let me walk through very wet squelchy carpet for a week before he put a tarp over the roof and organised repairs. Which weren't that successful. Meantime my furniture suffered. A memorable time, I was so glad to give notice there and succeed in getting into this safe haven.
Funny thing, I googled that horrible little flat recently. It had had a basic makeover, was put on the market, and sold for over $700K. If a slum with a coat of paint can get that kind of money, who can blame the owner for selling up? I sure would...