RENTS RECOVERING FROM COVID IMPACT

January 27th,2021

The December 2020 quarter CPI figures show that the rental market is recovering from the impact of the COVID pandemic, according to the Real Estate Institute of Australia (REIA).

“Rents increased by 0.1 per cent for the quarter following two quarters of falls with a fall of 1.3 per cent for the year, with all capital cities except Sydney showing an increase in the quarter. Sydney had no change after five consecutive quarters of falls.”