An increase in rental properties has meant that prices have remained relatively stable in the Southern Highlands.
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McGrath Bowral principal Anne Stone said that she saw a spike in properties listed on the rental market when lockouts began.
"What we found is that in April a lot of clients came to us with Air BnB properties and were worried about what they would do," she said.
"So they gave them to us to lease for six months and put a permanent tenant in there.
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"We had on average five to six applications for people wanting to get out of Sydney."
Ms Stone said that rent prices didn't fluctuate much in the Highlands as they did in Sydney.
Rent prices for a traditional type home with three to four bedrooms and a double garage averaged to 'a little higher $500'.
"If I was to average it out it would maybe be $550 or a little higher," Ms Stone said.
Tenanted properties also remained stable with only a handful of people who needed to renegotiate their rent payments.
"That's purely been because people have been working in the hospitality industry, but we haven't really seen it here," Ms Stone said.
"It hasn't been a huge thing for us.
"In the beginning a lot of people were worried. People were a little more relaxed once the government brought out JobKeeper and JobSeeker.
"For all intents and purposes, most of it is back to normal."
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Vera Demertzis
Journalist at the Southern Highland News covering council yarns and community news. Got a tip or a story to tell? Email vera.demertzis@southernhighlandnews.com.au or call on 0427 250 908.
Journalist at the Southern Highland News covering council yarns and community news. Got a tip or a story to tell? Email vera.demertzis@southernhighlandnews.com.au or call on 0427 250 908.
