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Joshua

Joshua

Real estate agent,

NSW: Sydney has become a paradise for renters

18D ago 0 Replies 377 Views
Struggling landlords are offering to pay tenants’ utility bills, Netflix subscriptions and even waive up to a month’s rent as a record jump in vacancies turns Sydney into a renter’s paradise.
With an unprecedented 27,000 rental properties sitting empty across the city, landlords are offering the huge perks in the hope of filling their properties quickly and staving off a long and costly vacancy period.

Landlords are dishing out particularly enticing deals in Sydney’s inner suburbs and areas once popular with international students, which have been the worst affected by COVID-19 restrictions and rising unemployment.

“It is such a great time to be stitching a good deal together,” she said. “There has never been a stronger tenant market that I’ve seen before and this has seen us throw the playbook out the window.”
Property managers and landlords were considering offers they would have ignored in the past, Ms Fiori added.

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