{"id":24418,"date":"2020-04-01T17:42:48","date_gmt":"2020-04-01T04:42:48","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=24418"},"modified":"2020-04-01T17:42:59","modified_gmt":"2020-04-01T04:42:59","slug":"rental-market-in-a-lot-of-distress-due-to-lower-income-job-losses-watch","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/rental-market-in-a-lot-of-distress-due-to-lower-income-job-losses-watch\/","title":{"rendered":"Rental market in &#8216;a lot of distress&#8217; due to &#8216;lower income&#8217; job losses | WATCH"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO: REA Group Chief Economist Nerida Conisbee<\/strong><\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\">REA Group Chief Economist Nerida Conisbee says there is &#8220;a lot of distress&#8221; emerging on rental and leasing markets, largely due to early job losses seen in the entertainment and hospitality sectors. &#8220;It tends to attract younger people and tends to offer roles generally with a lower income, who are often the people that rent,&#8221; Ms Conisbee said. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Earlier this week, the federal government announced a ban on real estate auctions and inspections during the coronavirus outbreak. Image: News Corp Australia<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Rental market in &#039;a lot of distress&#039; due to &#039;lower income&#039; job losses\" width=\"1380\" height=\"776\" data-src=\"https:\/\/www.youtube.com\/embed\/qJ2qBcNVZj0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: REA Group Chief Economist Nerida Conisbee REA Group Chief<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/rental-market-in-a-lot-of-distress-due-to-lower-income-job-losses-watch\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":23491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478100467,478101692,478098873,478098579,478098903,478109206,478099148,478099324,478100305],"class_list":["entry","author-data123nz","post-24418","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-housing-market-update","tag-nerida-conisbee","tag-property-investment","tag-property-market","tag-rea-group","tag-rea-group-chief-economist-nerida-conisbee","tag-rental-market","tag-residential-property","tag-residential-property-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rental market in &#039;a lot of distress&#039; 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