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Saturday, June 17
Desperate tenants in bidding wars
"Sydney's rental market has become so competitive that desperate house hunters are being forced to bid against each other to secure a lease. Critics say those with more money benefit and the auctions are not transparent...
- Last year median rents across Sydney increased by $20 a week.
- In January, vacancy rates fell to a five-year low of 1.7 per cent.
- Sydney's median rent in the March quarter was $300, up 3.4 per cent from the December quarter."
W: http://www.smh.com.au/news/national/desperate-tenants-in-bidding-wars/2006/06/16/1149964746442.html
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