No inner west Sydney rental oversupply: Pete Wargent

No inner west Sydney rental oversupply: Pete Wargent
No inner west Sydney rental oversupply: Pete Wargent

 

Looks like someone forgot to tell Sydney's inner west about its alleged oversupply of apartments.

Erko.


 
No inner west Sydney rental oversupply: Pete Wargent


St. Peters.
 
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No inner west Sydney rental oversupply: Pete Wargent


You 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. 
 
Out west? Maybe a different story there, granted.

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

His latest book is Four Green Houses and a Red Hotel.


Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

Tags: 
Sydney Residential Market

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