RNT is falling, page-3

Poly,
Whilst I generally concur with your statements I feel, or hope, we can overcome, indeed are even overcoming, these powerhouse obstacles. Whilst it still early days, I base my thoughts on Renter Resume Numbers.

My numbers used below are approximate and rounded for ease of use. Say there are 10m residences in Australia. 24m/2.4 per household. And 70% are owner occupiers, 30% renters, = 3m rental prop. Lets now say 1m are long term renters, and another 900k are housing commissions etc. 'passive' renters. That leaves 1.1m 'active' renters.

We initially had 550 RRs/day. that's .05% per day. That means 25k initially took 46 days.

The last couple of reports had 125k to 150k took 54 days. 150k to 175k took 52 days. that means 471/day. But as the number of 'active' renters not reg. with RRs were reduce from 1.1m to 950k, it can be seen that the .05% applications were maintained.

However, today we have 199k RR, meaning 200k will happen in the next couple of days, which of course means the last 25k will take only 46 days, as originally started but as now number of unreg. 'active' renters at about 900k, actual % has risen to about .06% registering per day.

As I have stated, these numbers are approximate and rounded, but I hope I did manage to portray my thoughts.

Of course, RR registrations don't necessarily mean we are making extra money, but does show, IMO, we are getting known.

I believe the risk/reward for RNT is positive.