That's why I don't think an average rental property investment makes much money, shitloads of supply and high cost of carry. Factor in the property management fee (20-30%), it becomes a negative carry, relying on a strong overall market to achieve capital gains.
A highly desirable area asks for top dollars ($5000/sqm?), net-net, hard to make it work for an average investor
A highly desirable area asks for top dollars ($5000/sqm?), net-net, hard to make it work for an average investor