Business
Residential rents could fall 30 per cent – The Australian Financial Review
Residential markets across many areas are facing significant rental decline, with rents in Sydney’s Barangaroo expected to slide 27 per cent by month’s end.
Suburbtrends.com director Kent Lardner says the data suggest rental markets are yet to see real price adjustments, but with the end of the eviction moratorium and government support, suburbs with high vacancy rates could experience significant falls in rent.
“In high density suburbs with hundreds of properties that are vacant, I expect to see rents to fall by around 30 per cent,” Mr Lardner said.
“The oversupply of units in the suburbs of Melbourne, Docklands and Southbank is showing downward …
-
Business11 hours agoSilver reaches a 14-year high. Will it outperform the gold price this year?
-
Business15 hours agoWhere I’d invest $5,000 into ASX dividend shares right now
-
Business13 hours ago$20,000 in savings? Here’s how to target $1,000 of passive income each month
-
General19 hours agoUK police drop Kneecap investigation over Glastonbury set