Which rental markets are most impacted by COVID-19?

COVID-19 is having varied impacts on residential property, but arguably the biggest impact could be in the rental space.

Prior to COVID-19, the Australian rental market was already weak. Now, new challenges are here. As Australian borders remain closed to tourists, and government policies restrict short-term rental arrangements, Airbnb rentals are converting to long-term rental supply. The added supply means rents could go down. 

This is compounded by a decline in demand. Rising job losses…