Agree Krayzy23, it's the city apartments (Melb) that I find interesting in the RNT story. A lot are unoccupied (based on water usage) but surely will be sold-on when parking capital in Oz is no longer advantageous. This might not happen for some time, but the rental market is competitive now, unlike 5-6 years ago when there was bidding at inspections. I speculate... but the apartment surge and insane property prices position RNT well to profit.
As a side note, this stock has the best c-grade ramping/down-ramping I've come across. Epic!
Potentially hidden gem, page-427
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