A few weeks back, SQM Research managing director, Louis Christopher, described Sydney’s rental market as “very much a tenants market right now, it’s probably the biggest tenants market I’ve seen in my last 20-years“.
This statement came as Sydney’s rents were reportedly plummeting across the city:
If you’re looking for a new rental property now could be the time to upgrade to that waterfront view, with prices across the city suffering from a ‘covid-crunch’. @RuthWW #9News pic.twitter.com/MQ7yM4Gu99