Corelogic Survey Suggests Residential Landlords Have Been Inclined To Keep Rents Steady During The COVID-19 Pandemic

Plenty of data suggests certain rental markets have deteriorated amid the COVID-19 pandemic. CoreLogic data showed a 0.8% decline in national rent values from the end of March to the end of August, with more acute falls in the unit markets of Sydney and Melbourne, where rent values have fallen 4.2% and 4.4% respectively over the same period.

The closure of international borders has created a shock to rental demand, as most migrants rent when they initially come to Australia. An estimated