"Rents have gone down significantly – in some cases by 50% to 60%. Properties that were getting $600 a week, you’re now looking at $300 and that’s a big difference.”
Austral, in Sydney’s south-west, saw a staggering 140% upsurge in house listings between May and October this year compared to the same period last year, while the inner-city suburb of Ultimo recorded a 169% jump in unit listings.
