Dan rents must reflect the cost of acquiring & maintaining a rental property. This in fact they do not do today. It is such a bad investment that it is only the overhang of those not used to investing still wanting to see bricks & mortar for their money that keeps it going.

Housing prices need to come way down. However if it does, current investors loose hugely, & run away for ever. If it continues to rise rents will necessarily become so high that they will become totally unaffordable for most.

The only answer is to stop immigration now, & for a damn long time, cross our fingers & hope for a soft landing. Currently we are heading for a collapse, & the greens will have got their wishes fulfilled.