Demand for residential assets among individual property investors has “fallen off a cliff”, according to buyers agent and Financial Review Young Rich Lister Scott O’Neill.
Rethink Investing, the buyer’s agency that O’Neill and wife Mina launched in 2014, works with clients who have $25 million or less to spend on a deal. Those clients are increasingly demanding industrial and commercial assets, according to Mr O’Neill, who now buys about 35 properties a month on their behalf.
