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  • Tue. Nov 5th, 2024

Sydney has become a tenants’ market in the middle of the pandemic with falling prices and increasing vacancies

Byindianadmin

May 23, 2020 #prices, #Rising
Sydney has become a tenants’ market in the middle of the pandemic with falling prices and increasing vacancies

The Sydney property market has actually seen lease prices in the city come by more than $100 amid the coronavirus pandemic as tenants return home or relocation in with others to share expenses.

Bottom line:

  • Inner Sydney rental rates have actually visited $100- a-week compared to 2019
  • Rental jobs have increased as individuals return home in the middle of the pandemic
  • Tenants say they can aim for bigger homes in the flooded market

Inner Sydney presently has a 13.8 percent rental vacancy rate, compared with 6.5 percent last year, the current data fr

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