Corporate Letting Wanes

At a property conference last week a property expert stated that at present Brisbane had an oversupply of units (27,000) coming on to the rental market and although rental returns had softened slightly the main area of concern was corporate letting (short term) which was suffering badly. Macquarie Bank has flagged Brisbane CBD, Springhill, Fortitude Valley, Southport, Australia Fair and Labrador as hotspots and has strengthened lending standards to elevate there risk. Hopefully this does not have a negative flow on effect for the mum’s and dad property investors.

a blog written by, James Hannah Tax Depreciation Specialist.