Good news for people coming over and needing somewhere to rent. There are 40% more properties up for rent now in SA than there was a year ago.
I've noticed an increase around here, as we have been looking for a new rental (moving at the weekend!) - many are still vacant after weeks of being advertised, quite a few have dropped rents. Some are up for sale too, but because they are not selling they are being rented out instead.
See http://www.whocrashedtheeconomy.com/blog/?p=1593 for more info.