Properties in some suburbs are being rented out TWICE as quickly as they were before the pandemic. 🤯
Renters are needing to move quickly to secure a home as a statewide rental crisis intensifies.
The data measured the most competitive suburbs for rental properties by calculating the median number of days properties were advertised on realestate.com.au in the 12 months to July.It compared this to the pre-pandemic median for each suburb. PropTrack economist Angus Moore said more people moved out of shared accommodation and into single dwellings during Covid at a time when many investors were selling properties.PropTrack economist Angus Moore.
Richardson and Wrench Padstow property consultant Mary Agzarian said it was typical to see 30 people at inspections and receive 15 applications for houses in Revesby Heights.Doyle Spillane – Dee Why director of property management Joe Iemma said about 75 per cent of the agency’s properties were rented after the first inspection.60A Morotai Rd is the only property currently for rent in Revesby Heights.
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