Year in review: Private rental sector key to solving housing shortages

Total investment into the PRS market this year has outpaced pre-pandemic levels, but with the exit of many smaller investors, reliance on institutional funds will grow

Given recent government changes to stamp duty which effectively applies a 10 per cent rate to housing and duplex units if purchased in bulk, it can be reasonably assumed that new private rental product will largely be in the form of apartments. Picture: Getty