{"id":24945,"date":"2020-04-28T17:11:33","date_gmt":"2020-04-28T05:11:33","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=24945"},"modified":"2020-04-28T17:11:39","modified_gmt":"2020-04-28T05:11:39","slug":"ghost-homes-on-rise-amid-rental-shift","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/ghost-homes-on-rise-amid-rental-shift\/","title":{"rendered":"\u2018Ghost\u2019 homes on rise amid rental shift"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO:  Vacancies are expected to rise, especially in areas with a high supply of new housing. Picture: David Swift. <em><em>Source: News Corp Australia<\/em><\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Mounting job losses, limits to international travel and ongoing property development are expected to leave homes in some Sydney areas empty for months, with effects on rents.<\/strong><\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\">A large share of Sydney rental properties could become \u201cghost\u201d homes left empty for months because the landlords cannot find tenants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Housing experts said rental demand has already starting to drop as the economic fallout from the coronavirus pandemic worsens, with vacancies expected to rise sharply.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/propertynoise.co.nz\/au\/inside-the-kardashian-jenner-familys-million-dollar-real-estate-empire\/\"><img decoding=\"async\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/04\/Kardashians.jpg?resize=460%2C270&amp;ssl=1\" alt=\"Kardashians\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><a href=\"https:\/\/propertynoise.co.nz\/au\/inside-the-kardashian-jenner-familys-million-dollar-real-estate-empire\/\">Inside the Kardashian-Jenner Family\u2019s Million-Dollar Real Estate Empire<\/a><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Real Estate Institute of NSW chief executive Tim McKibbin said the market was in \u201cuncharted waters\u201d and mounting unemployment made vacancies imminent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMany renters are facing job losses or reduced pay,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cNotwithstanding the six-month moratorium on evictions, this will likely cause more tenancies to be given up: for example, by people moving in with other family members.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA <a rel=\"noreferrer noopener\" href=\"https:\/\/www.news.com.au\/finance\/real-estate\/sydney-nsw\/empty-homes-rental-vacancies-tipped-to-rise-as-job-losses-mount\/news-story\/fddf71b0b520b6df68bd8de131a015cf\" target=\"_blank\">NEWS.COM.AU<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">MOST POPULAR<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/propertynoise.co.nz\/au\/beaches-shut-just-hours-after-opening-with-swimmers-continuing-to-ignore-social-distancing\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/beaches-shut-just-hours-after-opening-with-swimmers-continuing-to-ignore-social-distancing\/\">Beaches shut just HOURS after opening with swimmers continuing to ignore social distancing<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/the-speeding-mortgage-broker-from-hell\/\"><\/a><a 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href=\"https:\/\/propertynoise.co.nz\/au\/phoebe-burgess-pandemic-paradise-inside-former-wags-bowral-farm-hideaway\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/phoebe-burgess-pandemic-paradise-inside-former-wags-bowral-farm-hideaway\/\">Phoebe Burgess&#8217; pandemic paradise: Inside former WAG&#8217;s Bowral farm hideaway<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/700k-for-a-sydney-home-and-600k-for-one-in-melbourne-house-prices-set-to-plunge-by-30\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/700k-for-a-sydney-home-and-600k-for-one-in-melbourne-house-prices-set-to-plunge-by-30\/\">$700k for a Sydney home and $600K for one in Melbourne: House prices set to plunge by 30%<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Vacancies are expected to rise, especially in areas with<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/ghost-homes-on-rise-amid-rental-shift\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":24946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478109464,478098894,478098987,478099148,478099515,478098879,478108614,478109465],"class_list":["entry","author-data123nz","post-24945","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-ghost-homes","tag-property-investors","tag-reinsw","tag-rental-market","tag-rental-properties","tag-rental-property","tag-rental-property-prices","tag-vacancies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Ghost\u2019 homes on rise amid rental shift - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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