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Furnished rental market moves out of town

A major shift has taken place in the furnished house and apartment rental market, with demand crunched in most CBD and inner suburban markets but soaring in regional tourist towns.

Furnished apartment
Furnished rental properties can achieve higher rent than unfurnished homes, but demand in certain market segments has been volatile due to COVID-19. Photo: Shutterstock

A major shift has taken place in the furnished house and apartment rental market, with demand crunched in most CBD and inner suburban markets but soaring in regional tourist towns.

Landlords have long debated the virtues of renting properties fully furnished or empty. 

While approximately 90 per cent of the rental market is for unfurnished, CBD apartments have been able to attract at least 30-50 per cent higher rents when furnished and represen…