))
EP.1285 "Tenant Arrears Update: How Tenants Are Coping in the Current Economy (Aug 2024)"
Manage episode 435498273 series 3445143
Content provided by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Sienna Thomas, Cleo Whithear, Zanthany Borula, Bidhan Shrestha and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Sienna Thomas, Cleo Whithear, Zanthany Borula, and Bidhan Shrestha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Sienna Thomas, Cleo Whithear, Zanthany Borula, Bidhan Shrestha and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Sienna Thomas, Cleo Whithear, Zanthany Borula, and Bidhan Shrestha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
What if the fear of losing your rental property is actually helping tenants stay on top of their payments? In this episode, we explore the intriguing dynamics of the current rental market, where tenants are managing to prioritize their rent commitments despite economic pressures. We compare today's trend with the COVID era, unveiling how the risk of facing higher rents and moving costs is driving tenants to stay current on payments. You’ll gain insights into tenant arrears, understanding why most tenants manage to catch up quickly, and how overall terminations and long-term arrears remain under control. Additionally, we touch on broader economic behaviors, such as the reduction in dining out, which reflects how people are cutting back to manage their finances.
As we shift our focus to the northern beaches, we uncover the scarcity of houses available for rent and how tenants are navigating this challenge. Discover why quality and amenities like air conditioning and dishwashers are becoming top priorities, even over affordability. We'll discuss the particular difficulty in finding larger homes for families and why these properties are increasingly rare and held onto for longer periods. Despite these hurdles, our analysis reveals that tenants are weathering the current economic conditions with greater stability than during the height of the pandemic. Join us as we dissect these trends and provide a thorough update on the rental market landscape as of August 2024.
Chapters
1. EP.1285 "Tenant Arrears Update: How Tenants Are Coping in the Current Economy (Aug 2024)" (00:00:00)
2. Property Market Renting Trends Update (00:00:01)
3. Rental Market House Scarcity Discussion (00:09:13)
1492 episodes
Share
