Where's the Demand in a Suburb?

In an area with a high amount of flats and units and apartments generally they are, you find more that are rented that are owned by people that live in them. So if you have a lot of detached housing it tends to be owner occupied anyway. Peter is our wood in Melbourne Whereas traditionally our woods, blue chipped country. Yet when you do the study on something like 65% of people are renting in that because of the density of that. The other classics are Bondi in Sydney. Almost 70% of all stock in Sydney and Bondi is rental property. It's what you're looking for in these new areas that haven't had that I suppose stock arrived yet. That big development

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