{"id":17917,"date":"2019-04-07T11:14:54","date_gmt":"2019-04-06T23:14:54","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=17917"},"modified":"2019-04-07T11:14:54","modified_gmt":"2019-04-06T23:14:54","slug":"tenants-save-big-on-rent-as-rising-housing-supply-forces-landlords-to-cut-prices","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/tenants-save-big-on-rent-as-rising-housing-supply-forces-landlords-to-cut-prices\/","title":{"rendered":"Tenants save big on rent as rising housing supply forces landlords to cut prices"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Amanda Jong and Jye Mcmurray moved into new rental this weekend. Picture: Flavio Brancaleone\u00a0<span class=\"image-source\"><em>Source: News Corp Australia<\/em><\/span><\/strong><\/p>\n<p>Renters have become the surprise winners from the recent real estate investment boom and are now pocketing hundreds a week in savings in some suburbs, research shows.<\/p>\n<p class=\"description\">Sydney tenants have been pocketing hundreds of dollars a week in savings as mounting housing supply forces landlords to discount their rents by nearly 25 per cent in some city pockets.<\/p>\n<div class=\"story-content\">\n<p>The savings showed renters have become the surprise winners from rampant investor buying during the property price boom from 2014-2017, which has flooded the market with rental properties.<\/p>\n<p>Recent falls in property prices also encouraged more property seekers to purchase their first home and leave the rental market, cutting tenant competition for properties.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/sydney-nsw\/tenants-save-big-on-rent-as-rising-housing-supply-forces-landlords-to-cut-prices\/news-story\/e9035bbc8598c1a00c39a674d42b69a8\">NEWS.COM.AU<\/a><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>https:\/\/www.instagram.com\/p\/Bvie9JglkKy\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Amanda Jong and Jye Mcmurray moved into new rental<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/tenants-save-big-on-rent-as-rising-housing-supply-forces-landlords-to-cut-prices\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":17918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478104413,478098512,478098521,478098878,478098535,478104411,478104414,478098809,478098513,478101743,478099125,478098873,478098579,478098510,478101457,478098514,478098511,478098509,478099017,478098618,478104412,478098880,478103886],"class_list":["entry","author-data123nz","post-17917","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-amanda-jong","tag-australia","tag-australians","tag-for-rent","tag-house-prices","tag-housing-supply","tag-jye-mcmurray","tag-landlords","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-property-price-boom","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-rents","tag-sydney-property","tag-sydney-tenants","tag-tenants","tag-to-let"],"yoast_head":"<!-- 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