Sydney rental properties offered at half price to secure tenants amid coronavirus pandemic

Discussion in 'Property Market Economics' started by Peter2013, 7th Apr, 2020.

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  1. Peter2013

    Peter2013 Well-Known Member

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  2. The_Billy

    The_Billy Well-Known Member

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    Would be interesting to hear what the property managers here have to say? The article appears a bit sensationalist - a few scattered examples at the top end of the market. Also who on earth was renting a northern beaches four bedroom apartment for $1395 per week before all this happened - that is big coin. Also in areas like Rhodes, Wentworth point, Olympic park rent free periods were being offered all through 2019.
     
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  3. essendonfan

    essendonfan Well-Known Member

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    'mass vacancies'

    What does that mean? Poor mum and dads, just when they thought they got rid of the kids..

    Side note - I do think the idea of a dual occupancy arrangement, family in one house, grandparents in another will be in demand
     
  4. Simon Hampel

    Simon Hampel Founder Staff Member

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    You mean something like a "granny flat"? Someone already thought up that idea :p :D
     
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  5. Angel

    Angel Well-Known Member Premium Member

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    Click on anything from Domain and you will be spammed to death with ads - Clickbait.
     
  6. essendonfan

    essendonfan Well-Known Member

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    haha - surely someone in marketing can revamp the name.

    I see this becoming more of a trend in the future, already thinking about this with our family.
     
  7. Lacrim

    Lacrim Well-Known Member

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    Sensationalist headlines. Reckon the Govt should step in and start censoring some stuff the way Singapore does (at least for the duration of the pandemic).
     
  8. Jezzah

    Jezzah Well-Known Member

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  9. Someguy

    Someguy Well-Known Member

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    Or like China does?
     
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  10. Ummm

    Ummm Well-Known Member

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    Yes should definitely step in and censor this, sensationalist headlines about the next property boom are the only ones we should allow, need to keep the masses desperate for property otherwise we will have no one to sell to, and might not get to crystallize our gains!
     
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  11. lynchy

    lynchy Well-Known Member

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    I dont think $1,395 is out of the question at all with ocean views in Fairlight. I received offers of $900pw before Corona for my 3 bed ground floor unit in Dee Why. At under $1k a week and a really nice walk to the Ferry its a bargain
     
  12. albanga

    albanga Well-Known Member

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    Lets pray this never happens so we don’t end up like other communist countries.

    I think most people around these here parts are clever enough to know headline grabbing dribble when they see it.
     
  13. # 1

    # 1 Well-Known Member

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    I drove past this sign yesterday. The location isn't great, it's on Grey St near the corner of Barkly St where it's pretty rundown. I'm sure the rent ratchets up a lot after the first year and you're probably locked in for 3-5 years.