Free rent, Netflix as landlords battle for tenants

PHOTO: Sydney is a paradise for renters such as James Rogers. Picture: Richard Dobson. Source: News Corp Australia

Sydney is a renter’s paradise as struggling landlords dealing with record vacancy rates offer to pay bills, Netflix subscriptions and even waive a month’s rent in a bid to find a tenant.

Struggling landlords are offering to pay tenants’ utility bills, Netflix subscriptions and even waive up to a month’s rent as a record jump in vacancies turns Sydney into a renter’s paradise.

Australian property

Aussie mortgage holders face ‘property glut’ as COVID-19 wreaks long-term damage

With an unprecedented 27,000 rental properties sitting empty across the city, landlords are offering the huge perks in the hope of filling their properties quickly and staving off a long and costly vacancy period.

Landlords are dishing out particularly enticing deals in Sydney’s inner suburbs and areas once popular with international students, which have been the worst affected by COVID-19 restrictions and rising unemployment.

READ MORE VIA NEWS.COM.AU

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