Rents have crashed in Australia's urban centres as international students are locked out of the country due to coronavirus border closure, reports Daily Mail (12 November 2020). Rental vacancy rates have multiplied in the centre of Sydney and Melbourne. Chinese real estate site Juwai IQI is expecting there to be "more pain" for investors. Georg Chmiel, the executive chairman of Juwai IQI, said, "It will be pain before gain. Student numbers are likely to keep falling and vacancies to keep rising until mid-2021." Chmiel urged Chinese investors to consider buying distressed rental properties.