NSW's tightest rental markets: REINSW
Jennifer DukeOctober 22, 2014
The Real Estate Institute of New South Wales’ September 2014 Vacancy Rate Survey revealed that rental markets across Sydney and New South Wales are tightening, with an overall fall of 0.1% to 1.7% for Sydney.
REINSW president Malcolm Gunning said that it was in outer Sydney where the largest declines were seen over the past few months, currently hitting 10 month lows, but that declines were seen across the board.
Here are the results:
- Outer Sydney: 1.4% (a 0.2% decline)
- Mid-North Coast: 1.4% (down 0.2%)
- Albury: 1.6% (down 0.1%)
- Central Coast: 1.7% (down 0.3%)
- Inner Sydney: 1.8% (steady)
- Middle Sydney: 1.9% (down 0.3%)
- Illawarra: 2.0% (steady, despite a 0.5% rise in Wollongong)
- Northern Rivers: 2.7% (down 1.0%)
- Riverina: 2.8% (down 0.6%)
- Hunter region: 3.1% (down 0.2%, with a 0.8% fall in Newcastle)
- Orana: 3.2% (up 1.1%)
- Central West: 4.3% (up 0.5%)
Source: REINSW.
Jennifer Duke
Jennifer Duke was a property writer at Property Observer
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New South Wales