Empty house & Cheaper rent, post COVID-19

Based on the report presenting housing data for April 2020, provided by SQM Research, the data shows Melbourne and Sydney property markets are facing higher vacancy rate and lower rent.

2 main reasons could be:

i) Loss in employment in CBD and;

ii) Disconnection with international students, tourists and immigrants.

Full April 2020 report from SQM:

https://sqmresearch.com.au/12%2005%2020_National%20Vacancy%20Rate%20Increase%20in%20APR_2020_Media%20Release.pdf

Cheers, Ka.