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    Well first up you have the President of Real Estate Institute of Australia said 40% in his press release of 2014.
    http://reiwa.com.au/about-us/news/new-rental-laws-in-place/

    ABS says number of household in Australia forecasted for 2016 is 9,240,000 and 26% of those rent thus there are some 2.4 million residential rental properties in Australia.

    So nearly a million private rentals
 
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