Research

An analysis of median asking rents across Sydney and Melbourne reveals that those on JobSeeker will fall into the category of rental stress across all suburbs that had enough rentals to produce an asking rent.

Overseas interest in Australian property has fallen in recent months amid the coronavirus pandemic as international border closures curtails foreign student arrivals and overseas migration.

With weaker conditions for units compared to houses, tenants have a better chance of nabbing a cheaper unit. Nationally, unit rentals experienced their biggest price drop in more than 15 years, however the devil is in the detail, as the performance varied depending upon bedroom number.

Sydney’s auction clearance rate was 59.7 per cent in June, three percentage points higher than in May and 24 percentage points above the 15-year low hit in April. The June result is the highest monthly result since the COVID-19 recession began.

Melbourne's auction clearance rate was 54.1 per cent in June, 6 percentage points higher than in May and 25 percentage points above the low point reached in April. A clearance rate of around 50 per cent has historically aligned with modest property price falls.

Each capital city rental market has been affected differently by the COVID-19 crisis. States and territories are now facing different challenges. Some states have decided to open up borders and economic activity is returning to somewhat normality, while Victoria faces a second wave of coronavirus transmi...

The outlook for Australia’s property market is much stronger than just a few weeks ago, but conditions are likely to remain subdued over the next six months. Prices appear most likely to rebound in Perth, Adelaide and Canberra whereas price falls look probable in inner-city Melbourne, inner-city Sydney...

Interest in Australian property from China is likely to remain subdued for a while. Low levels of Chinese investment will mean fewer apartment developments and may also put downward pressure on property prices. But there are a few signs pointing to a rebound in Chinese investment.

A discounting war between landlords is in full swing to secure tenants amid the coronavirus pandemic. 

The rental vacancy rate fell in May, with the number of vacant properties decreasing in most capital cities. The decline partially offset the big rise in the vacancy rate in April. More domestic tourism has likely shift many rentals from the long-term rental market back to the short-term market.