These graphs reveal yet more contrasting intra-state rent trends during the pandemic. This analysis focuses on the first nine months of the crisis, since it was in this period that markets were most disrupted. At the NSW local government area level this period saw a marked divergence between certain regional and inner/middle ring Sydney areas.
In Victoria, meanwhile, the hit to rents in Melbourne’s inner suburbs was very similar to that experienced in inner Sydney (City of Sydney LGA). In all of Victoria’s non-metropolitan statistical regions, meanwhile, rents rose during the period – presaging further increases in 2021.