Demand for rental housing has plummeted in Sydney as landlords are forced to offer a range of attractive terms to attract tenants, including halving rents and two weeks rent-free.
Rent for a three-room real estate in Paddington, has been reduced for five months, with weekly rent falling from $675 to $1000. A weekly rent for a two-room apartment in Bondi, fell from $720 13 weeks ago to $500.
The weekly rent for a three-bedroom real estate in the nearby Bondi Junction, was reduced by six months from $1300 to $1000. The LJ Hooker Bondi Junction Rebecca Kleiner said :" If it weren`t for no one to rent, no landlord would be willing to lower the rent. "
Moreover, Shields Gillman`s Sally Gillman said :" The current rental market is in trouble, Chatswood the rent for a two-bedroom apartment has fallen by $170 a week, while the weekly rent for the apartment has been above $750 over the past four years. "
But Gillman also said the apartment remained vacant, although the price cut attracted more tenants.
"Twelve months ago, even if the weekly rent was A $580,15 people could come to see the house, and five people could make an inquiry as soon as the price was reduced, but no one could come at all. "
The weekly rent for a four-room real estate in Beihai Beach has fallen from A $1395 to A $950, and a weekly reduction of A $445 is available for the first six months.
(Photo source: Domain website)
Manly weekly rent for the two apartments fell $400 in six months and $170 in 12 months, respectively. Meanwhile, in the inner west, a two-bedroom real estate landlord Balmain offered an attractive two-week rent-free condition to attract tenants. And the weekly rent for a two-bedroom apartment in Annandale, even fell by 50%.
According to the 2016 Australian Census,
Chatswood Chinese residents account for 34.1% of the total local population, and the number of Chinese people ranks first in the region.
Epping Chinese residents account for 31% of the total local population, and the number of Chinese is the first in the region. /1/]]
