With an influx of rental properties coming onto the market amid COVID-19, there’s never been a better time to nab a new home at a top deal.
Property managers and landlords are fighting to keep tenants in homes rather than see them vacant, and in addition to short-term rentals becoming long-term rentals, prices have not only decreased but are negotiable in many cases.
“All of a sudden, we have thousands of Airbnb properties that owners now want to try to lease out because they’re not getting tourists in, so that’s increasing the rental availability out there and tenants are seeing that and know they can get properties for $50-$100 cheaper,” said Georgia Soldatos, team leader and accountability manager at Belle Property in Melbourne.
Not only are rentals being advertised with ‘sweeteners’ such as temporary free rent, but prices, in general, are being adjusted to account for the current virus-hit market.
Across the country at this time of year, rentals are often advertised for much less than the typical median rent in a suburb, it’s just a matter of doing some research about the area and its rental pricing to see if you can sign up to a lease at a top deal.
If affordable is classed as under the suburb’s median weekly rent, then these two-bedroom abodes are well priced.
1. A period-style classic in Richmond
Richmond’s median weekly rent for a two-bedder is $600 per week, which means you could pat yourself on the back for saving $20 each week.
2. A chic and simple Bondi Beach pad
Considering the median weekly rent in Bondi is $898, there’s a decent saving here.
The rental is walking distance to the beach and all the shops and cafes Hall Street has to offer.
3. A light and airy Brisbane abode
Priced at $460 per week, it’s worth applying for as the median weekly rent in the neighbourhood is $490.
With a housemate, that’s just $230 each per week.
4. Stunning vistas in Sandy Bay
Rentals dominate Hobart and, due to COVID-19, many short-term holiday listings have been placed on the residential market seeking longer-term tenancies to weather the storm.
The median weekly rent for a two-bedroom home in Sandy Bay is $500, which makes this red-brick house at 2/12 Dalkeith Court a bargain at $360 per week – not only this, but the first week’s rent is being offered for free.
Its new tenants will enjoy sweeping views over the bay and surrounding hills – it’s also within close proximity to the University of Tasmania.