Rental vacancy rates hit zero in Australian coastal towns as they hit COVID capacity
Posted
ThuThursday 7
updated
FriFriday 8
JanJanuary 2021 at 4:00am
Locals feel they re being pushed out of the property market on Victoria s Surf Coast.
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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.
Key points:
Rental vacancy rates in key coastal locations have reached zero
Real estate agents say demand has spiked due to COVID-19 sea changers and locals not moving around
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