{"id":27677,"date":"2020-09-19T16:28:42","date_gmt":"2020-09-19T04:28:42","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27677"},"modified":"2020-09-19T16:28:42","modified_gmt":"2020-09-19T04:28:42","slug":"sydney-melbourne-brisbane-rent-prices-plummeted-amid-pandemic-rba-reveals","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/sydney-melbourne-brisbane-rent-prices-plummeted-amid-pandemic-rba-reveals\/","title":{"rendered":"Sydney, Melbourne, Brisbane rent prices plummeted amid pandemic, RBA reveals"},"content":{"rendered":"<p><strong>PHOTO: Melbourne | Supplied<\/strong><\/p>\n<p>A certain section of the housing market is in free fall and it means everyone \u2013 from buyers to renters, investors and tradies \u2013 is in for a big shock. Here\u2019s why.<\/p>\n<p class=\"description\">A massive change is sweeping Australia\u2019s housing market, and whether you rent, own or invest, it\u2019s going to affect you.<\/p>\n<div class=\"story-content\">\n<p>House prices are the flashy part of the housing market, but the Reserve Bank of Australia pays very close attention to rents.<\/p>\n<p>Rents are the ticking heartbeat of our housing market because they determine how much investors will earn from their portfolios. They are especially worth watching in difficult times because even when the buying market slows down dramatically, people keep renting.<\/p>\n<p>The RBA released a huge new piece of research on the rental market during the pandemic and it is essential reading. As the next graph shows, rents have turned negative in some of Australia\u2019s biggest markets, and rents for units \u2013 i.e. mostly apartments \u2013 are suddenly in free fall. (Except for Perth, which has been a contrarian on property for years).<\/p>\n<div class=\"w650 h487 image media kskd-media\" data-kiosked-context-name=\"kskdUIContext_01ejj9bf0jgjc47699khn13hmk\">\n<div class=\"image-wrapper\"><img fetchpriority=\"high\" decoding=\"async\" class=\" image-loaded\" src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/385fd48b992dc9669c90b43c569565dd?width=650\" alt=\"Sydney and Melbourne in particular have seen a dramatic drop in advertised rental prices. Picture: Supplied.\" width=\"650\" height=\"487\" data-src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/385fd48b992dc9669c90b43c569565dd?width=650\" \/><\/div>\n<p class=\"caption\"><em><strong>Sydney and Melbourne in particular have seen a dramatic drop in advertised rental prices. 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Facebook<\/a><\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Melbourne | Supplied A certain section of the housing<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/sydney-melbourne-brisbane-rent-prices-plummeted-amid-pandemic-rba-reveals\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":27363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098538,478111500,478098566,478098562,478098542,478098519,478098535,478098809,478098537,478104462,478098543,478098556,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478103016,478104463],"class_list":["entry","author-data123nz","post-27677","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-brisbane","tag-brisbane-rents","tag-first-home-buyers","tag-foreign-buyers","tag-home-loans","tag-home-ownership","tag-house-prices","tag-landlords","tag-melbourne","tag-melbourne-rents","tag-mortgages","tag-nsw","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-rent-prices","tag-sydney-rents"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sydney, Melbourne, Brisbane rent prices plummeted amid pandemic, RBA reveals - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/sydney-melbourne-brisbane-rent-prices-plummeted-amid-pandemic-rba-reveals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sydney, Melbourne, Brisbane rent prices plummeted amid pandemic, RBA reveals - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Melbourne | Supplied A certain section of the housingRead More &rarr;\" \/>\n<meta property=\"og:url\" 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