Business
Record Rental Listings Flood Sydney, Melbourne – The Urban Developer
An oversupply of properties and ensuing discounting war is making it cheaper to rent in Australia’s biggest cities.
Before the onset of the pandemic in Australia, investor participation in the housing market was at its lowest since 2001, Corelogic head of research Eliza Owen said.
Investor finance fell sharply over April and May due to high levels of uncertainty.
If sustained, this suggests that the decline in demand for rentals could be partially offset by a decline in the supply of rental property.
Owen noted Sydney regions with the steepest decline in rental values between March and June are the City a…
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