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Landlords offer weeks of free rent and reduced prices as vacancies double in some suburbs

Press coverage 18 April 2020 Summary of published coverage
Landlords offer weeks of free rent and reduced prices as vacancies double in some suburbs

Sydney landlords advertised rent free periods of up to a month and cut asking rents as vacancies climbed, with SQM Research recording house rents down almost 5 per cent over March and unit rents down 3.1 per cent. Rental supply doubled in suburbs such as Avalon Beach and Rozelle. PIPA chairman Peter Koulizos said owners had little chance of replacing tenants quickly and should be willing to negotiate.

Reported by

Aidan Devine, news.com.au, 18 April 2020

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