Business
Welcome to the Great Sydney and Melbourne Rental Bust – MacroBusiness
The latest ANZ CoreLogic Housing Affordability report shows that inner-city rents across Sydney and Melbourne are collapsing due to stunted immigration, a surge in supply, rising unemployment and falling household incomes: One of the most impacted sectors of …
The latest ANZ CoreLogic Housing Affordability report shows that inner-city rents across Sydney and Melbourne are collapsing due to stunted immigration, a surge in supply, rising unemployment and falling household incomes:One of the most impacted sectors of the housing market amid COVID-19 has been the rental market. Due to a mixture of negative demand and supply shocks, rental market conditions weakened over April to June. This came off the back of an already weak rental environment, where annu…
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