A surge in demand for rental properties is expected in coming months, with some rents expected to rise by as much as $100 per week on homes available for lease. Thousands of flood affected homeowners are beginning the search for accommodation as real estate agents are predicted to be inundated with inquiries about rental properties.
Property analyst Michael Matusik believes weekly rents could rise by as much as $100 per week for those looking to sign a new lease.
“Something that is now $400 a week may increase to $500 a week and we are going to see that escalate as people leave friends’ and relatives’ homes,” he said.
Property analyst Michael Matusik believes weekly rents could rise by as much as $100 per week for those looking to sign a new lease.
“Something that is now $400 a week may increase to $500 a week and we are going to see that escalate as people leave friends’ and relatives’ homes,” he said.
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