New Survey Shows the Impact the Pandemic has had on the Rental Sector

August 23, 2020
Share this Post: 

The real estate industry has a number of struggles that have arisen from the pandemic. One, which is popping up in larger countries, is renters struggling to pay their rent every month. Whether it’s due to job loss or cut hours, those on the lower levels of the economic echelon are struggling and turning towards their own governments, landlords, and property managers for help. ran a survey that gathered 1,600 Australian respondents which gave a little bit of insight into the rent crisis within the country. 

Highlights on the survey:

  • 59% of renters say they are earning less because of the pandemic
  • 33% of renters have lost their jobs 
  • 22% of renters say their ability to pay rent has been severely affected.

Commenting on the outcome, CEO, Greg Bader, said the current renting climate is to be expected, all things considered. 

“Even though state and federal governments moved relatively quickly to support tenants, there is still a level of confusion and uncertainty in the renting market in terms of process and responsibilities.”

Because of that, those most in need are begging authorities that have the ability to help them to do something about it. 

“Short-term protections such as a moratorium on evictions, or a deferral in rent, provide some comfort, but there are concerns that this is just kicking the can down the road. We hope to see the industry and government respond in innovative ways to support renters and the industry-at-large.”

August 23, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Spanish Proptech Firms
Housfy Gets Funding and Casavo Expands as Spanish PropTech Market Heats Up

The Spanish PropTech market is heating up with two prominent companies in the market announcing positive news this week. Online...

Read More
Leboncoin Op 1
LeBonCoin Launches New Offering to Help Agents Win Sales Instructions

The French classifieds market leader LeBonCoin has today announced the launch of a new package for real estate agents. The...

Read More
Domain Data
Domain Acquires Data Services Provider Insight Data Solutions

Australian portal company Domain has today announced that it has agreed to acquire data services provider Insight Data Solutions (IDS)....

Read More
Carousell Ceo 1
Southeast Asian Classifieds Operator Carousell Bags $100M Round to Become Region's Latest Unicorn

The Singapore based classifieds operating company Carousell has announced that it has secured $100 million in financing. The latest investment...

Read More

Popular News