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Rental Shortages During the Times of COVID-19

By Natalie Cooper

In 2020, the rental housing market across Australia was hit by an unexpected shock: the COVID-19 pandemic.

With COVID-19 in play across our nation, demand for rental properties was unfortunately reduced in 2020, at the same time supply was increased. 

As lockdown eased and things started to return to normal, there has been an inverse of this situation, with a shortage of rental properties available across Australia, and the State of Victoria. 

This has been felt in Narre Warren South and the surrounding areas. We, at Ray White Narre Warren South, encourage investors to start thinking about renting their property through us today!

Who are we looking for?
At Ray White in Narre Warren South, we’re looking to take on new clients who have purchased new or new-ish investment properties recently, with the aim to rent it out.  

If you are a current Residential Rental Provider (landlord), who is not happy with the way your current agency is managing your property, now might be the right time to start thinking about switching to Ray White. We can provide the most competitive rental rates and fees on the market and can arrange the transition to make everything seamless for you

The current situation
In Narre Warren South and the surrounding areas, there is currently a high demand for rental properties, to the extent where tenants are offering us well above the asking price!

It is becoming a common occurrence for us, in the current economic climate, for renters to offer paying between 3 to 6 months’ rent ahead of time, so that they can secure a roof above their head. These are unprecedented times.

Why are rentals in Narre Warren South in popular demand?
Part of the reason that rentals in Narre Warren South are such a commodity, is because the suburb and its surrounding areas are so reasonably priced and liveable.

Renters who rent in Narre Warren South will be spoilt with one Victoria’s safest, leafiest suburbs right on their doorstep. A trendy, stylish suburb with picturesque views that set the standards for all estates in Melbourne, Narre Warren South is perfect for young professionals, families with kids and retirees, who are chomping at the bit to get in right now!

The suburb boasts a range of amenities to sweeten the deal! We have the Westfield Fountain Gate Shopping Centre, which is a one-stop hub for shopping, relaxation and fun, and the second largest shopping centre in Australia!

Within 10 kilometres of Narre Warren South are some of Australia’s finest schools, including St Margaret’s School in Berwick and Brentwood Park Primary School. It also boasts its own railway station and the Casey ARC (Aquatic and Recreation Centre).

Since the mid-1990’s Narre Warren South has been a booming suburb, and its only continuing to grow. Don’t miss out on a good thing: think about renting through us today!

Contact Ray White in Narre Warren South today
If you are a “rent-vestor” looking to buy your first investment property, now is your time to shine! Contact Ray White in Narre Warren South and one of our highly experienced team members will be in consultation with you soon to let you know more about the areas that are currently in demand.

If you are a landlord who has an existing rental property in the local area, you may want to consider Ray White in Narre Warren South. We are a family-owned and operated business who can guide you with our experience, knowledge and skills.

Give us a call today on 03 8785 0377 or contact us via email on narrewarrensouth.vic@raywhite.com

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