NSW HOUSING: ‘Modern-Day Robber Baron: The Sins of Blackstone CEO Stephen Schwarzman’
We noticed a Twitter tweet: “People are roasting Airbnb on twitter, but not for the reason it sucks the most: it enabled the removal of thousands of rental units from tight housing markets across the country and displaced people along the way.” At the time, this tweet had already been ‘liked’ 4,440 times and retweeted 899 times. As we type, those figures have increased to 32,000 likes and 5,800 retweets. Talking of ‘roasting’, this article is about Blackstone CEO Schwarzm
‘PEOPLE ARE DESPARATE’ – REGIONAL AREAS GRAPPLING WITH LOW RENTAL VACANCY RATES
Emily Sim, the chief executive of property management for Ray White, was quoted in yesterday’s Sydney Morning Herald as noting the “low vacancy rate across the country”. And Kelly Seaton, the owner of the Leasing Network in Bateau Bay, is reported as saying that the demand for rental properties on the Central Coast started to pick up in October last year and it is now a crisis. Ms Seato’s agency currently has five homes advertised for tenants. Real estate agents in regiona
