Business
Two-speed rental market: Tenants offer up to $100 more a week to secure properties as moratoriums lift – Domain News
Facing strong competition, people are offering more money to secure a place and begging at home opens, said one agent. ‘I do feel for them … unfortunately, I…
Tenants in some capital cities are offering up to $100 a week in extra rent to secure sought-after rental properties, as eviction moratoriums end amid the countrys two-speed rental market.
Some landlords are also taking the opportunity to raise their asking prices as crisis-era bans on rent hikes expire.
Although tenants are in the drivers seat in major capital cities such as Sydney and Melbourne which were hit hard by the loss of international students and with elevated rental vacancy rates of…
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