Overnight With Michael Mclaren

With rents soaring across cities and regional areas, Phil speaks with property expert Garth Davis about what’s driving the crisis—and how Aussies can cope. Garth points to skyrocketing property prices, rising migration, and a lack of new builds due to cost uncertainties and low confidence among developers.  To ease pressure, he says we need to encourage investors to buy and hold rental properties—selling to owner-occupiers only shrinks the already limited rental pool and pushes rents even higher.See omnystudio.com/listener for privacy information.