Get notifications in real-time for staying up to date with content that matters to you.
Sydney residential vacancy rates rose slightly to 1.2 per cent in January, but sustained under-supply of rental property is still putting upward pressure on rental prices.
According to the latest data from the Real Estate Institute of New South Wales (REINSW) this is the 18th consecutive month vacancy rates have dipped below the two per cent mark.
Sydney apartment rentals rose 5.2 per cent in the last quarter and houses by 3.9 per cent.
REINSW president Steve Martin believes lack of rental property and spiraling rental costs are hurting would-be buyers, commenting that “people are finding it very hard to put money aside and save for a deposit”.
Published: 06-02-08
The co-founder and CEO of new mortgage lender WLTH has revealed i...
The ACCC has revealed examples of the types of business loans tha...
The time it takes from loan submission to approval surpassed 25 d...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you expect mortgage applications to increase or decrease over Summer?
