COVID-19 World of rental landscapes in 2022
Good value. Unbeatable location even during lockdown
With Sydney entering its ninth week of lockdown, the rest of NSW also locked down this week, and Melbourne, Canberra, Darwin and Katherine also locked down, there are concerns that as restrictions drag on they will weigh down on the housing market and household financial situations…
Tenants’ Union of New South Wales chief executive Leo Patterson Ross welcomed the extension of the financial support, saying it was critical as lockdown continued.
Minister for Better Regulation and Innovation Kevin Anderson said it was vital to keep a roof over the heads of those who may be suffering financial hardship at this difficult time.
“We have always encouraged landlords and tenants to work together to negotiate on rental agreements, and the NSW Government has now made that conversation easier by supporting landlords so they can reduce rent for their tenants,” Mr Anderson said.
It is the first time the property has been offered for rental in 24 years. Kensington provides quality of life and a desirable village feel, a walking distance to university, grocery shops and cafes as well as easy access to the Randwick hospital. [ See Sydney Morning Herald Neighbourhoods - Randwick 6 August 2021 ] On top of all this, the property is ideally located next to the popular race course and the Centennial Park, making it perfect for people who like fresh air as well as other green and seaside spaces. Just a short walk to light rail and bus transport links that will get you around Sydney in minutes.
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Property market is behaving in an absurd manner - According to Chris Hanley, chief executive of First National Byron Bay, which has one of the largest rent rolls in the region, extraordinary circumstances like last year’s COVID pandemic called for government intervention and moderation.