{"id":29987,"date":"2021-01-09T15:32:02","date_gmt":"2021-01-09T02:32:02","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=29987"},"modified":"2021-01-09T15:32:02","modified_gmt":"2021-01-09T02:32:02","slug":"rental-vacancy-rates-hit-zero-in-australian-coastal-towns-as-they-hit-covid-capacity","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/rental-vacancy-rates-hit-zero-in-australian-coastal-towns-as-they-hit-covid-capacity\/","title":{"rendered":"Rental vacancy rates hit zero in Australian coastal towns as they hit COVID capacity"},"content":{"rendered":"<p><strong>PHOTO: Locals feel they&#8217;re being pushed out of the property market on Victoria&#8217;s Surf Coast.<cite class=\"_21SmZ _3_Aqg _1hGzz _1-RZJ P8HGV _16dJg\" data-component=\"Figure__cite\">(ABC News: Emilia Terzon)<\/cite><\/strong><\/p>\n<p class=\"_1HzXw\">The pandemic has brought on a property boom for surf towns as cashed-up city dwellers make a sea change. But while that is great for homeowners selling at high prices, it has created a nightmare for some renters.<\/p>\n<section class=\"vB11C _1tnlo _1w6Cw _1pc-9 _2EbnQ\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\">\n<h2 class=\"_3mduI _2gTdF _1deB8 jwLlj _1O6ck _1GKnS _2o9MN _1-RZJ\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"W8pqX\" role=\"list\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">Rental vacancy rates in key coastal locations have reached zero<\/li>\n<li class=\"\" data-component=\"ListItem\">Real estate agents say demand has spiked due to COVID-19 sea changers and locals not moving around<\/li>\n<li class=\"\" data-component=\"ListItem\">It means some renters are being kicked out and are finding it impossible to find a new home<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1HzXw\">Data supplied to ABC News by CoreLogic shows just how slim the availability of rental homes has become in several key coastal regions, including Byron Bay, Newcastle and the Gold Coast.<\/p>\n<p class=\"_1HzXw\">Demand has risen so far beyond supply that there is almost nothing<strong>\u00a0<\/strong>sitting empty for potential renters.<\/p>\n<p class=\"_1HzXw\">Victoria&#8217;s Surf Coast is the most impacted and has an official rental vacancy rate of zero.<\/p>\n<p class=\"_1HzXw\">The strip of coast an hour from Melbourne includes popular surf towns Torquay, Jan Juc and Anglesea.<\/p>\n<figure id=\"13038494\" class=\"_2w-Eq _1w6Cw _1pc-9 _357jP\" role=\"group\" data-print=\"inline-media\" data-component=\"Figure\">\n<div class=\"_3L4rN\" data-component=\"IntersectionObserver\">\n<div class=\"lt7xz\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"_1MKdo _3lrlT lazyload\" data-src=\"https:\/\/www.abc.net.au\/cm\/rimage\/13038494-16x9-xlarge.jpg?v=4\" data-sizes=\"100vw\" alt=\"\" data-component=\"Image\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/div>\n<\/div>\n<\/figure>\n<p class=\"_1HzXw\">Its rental market is always tight during the summer months as people flock to the beach.<\/p>\n<p class=\"_1HzXw\">But local real estate agent Simon Bogdanov said in the last four months there had been a &#8220;staggering increase in property demand&#8221; from Melbourne residents\u00a0making a COVID sea change.<\/p>\n<p class=\"_1HzXw\">&#8220;The incoming enquiry level and applications from prospective tenants wanting to make the sea change has been overwhelming at times for our rental team,&#8221; Mr Bogdanov said.<\/p>\n<p class=\"_1HzXw\">&#8220;Rentals are being snapped up in a matter of hours from being advertised.<\/p>\n<aside class=\"_1w6Cw _1pc-9 _2b4MK\" data-component=\"Pullquote\">\n<blockquote>\n<p class=\"_1HzXw\"><strong>&#8220;There is a 0 per cent vacancy rate. 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market<\/a><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Locals feel they&#8217;re being pushed out of the property<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/rental-vacancy-rates-hit-zero-in-australian-coastal-towns-as-they-hit-covid-capacity\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":29988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478114060,478098521,478098649,478098892,478108952,478114062,478098566,478098519,478098535,478098522,478114063,478102098,478098513,478098784,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478098509,478099148,478100215,478114064,478114061],"class_list":["entry","author-data123nz","post-29987","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australian-coastal-towns","tag-australians","tag-byron-bay","tag-corelogic","tag-covid-19","tag-covid-19-sea-changers","tag-first-home-buyers","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-melbourne-residents","tag-newcastle","tag-property","tag-property-boom","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-agents","tag-real-estate-news","tag-rental-market","tag-rental-vacancy-rates","tag-simon-bogdanov","tag-surf-towns"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rental vacancy rates hit zero in Australian coastal towns as they hit COVID capacity - 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\/rental-vacancy-rates-hit-zero-in-australian-coastal-towns-as-they-hit-covid-capacity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rental vacancy rates hit zero in Australian coastal towns as they hit COVID capacity - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Locals feel they&#8217;re being pushed out of the propertyRead More &rarr;\" \/>\n<meta property=\"og:url\" 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