Looks like someone forgot to tell Sydney's inner west about its alleged oversupply of apartments.
Erko.
St. Peters.
Click to enlargeYou can also add to this Haberfield, Stanmore, Sydenham,
Five Dock, Canada Bay, Abbotsford, Chiswick, etc. etc. all of which have remarkably tight vacancy rates of 1 per cent or under.
In fact, stretching the tarp out a bit further, and while on the subject, you might also add Surry Hills, Ultimo, Darlinghurst, Botany, Banksmeadow, Roseberry, Eastlakes, Redfern, Waverley, Bronte, Coogee,
South Coogee, Pagewood,
Maroubra...
Heck even Waterloo and Zetland have a vacancy rate of 0.5 per cent (OK, so that one might not a real number).
Maybe when we start to see some numbers beginning with a 4-handle it might start to get interesting, but if anything, for quality properties at least, the rental market actually seems to be tightening and rents rising.