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Finally a return to rental common sense in the region

THE rental crisis is well and truly over, as will be seen from the story, "Rents finally take dive as Gladstone unit numbers triple".

And most, apart from landlords, will be saying "thank goodness for that - now we can start living again".

However, landlords who expected to make a killing at other people's expense will be suffering now as they find it difficult to get the returns they expected.

Many people jumped on the bandwagon and bought rental properties during 2011 and 2012 with the hope that they would come out with great returns on their investment.

The thing is: rentals paid by tenants back in those crisis years were crazy.

They were way over the top, and it was pretty obvious that rents at those elevated levels could not be sustained.

Now that we have some sort of sensibility again, it's to be hoped that those folk who had to leave town because the cost of living was unaffordable can now come back to town.

And also that the notion that Gladstone was too expensive to live in will disappear, making recruiting an easier task.

Topics:  allen winter gladstone housing opinion property rental crisis



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