Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Sydney rental market still tight

Staff Reporter 1 minute read

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


Sydney rental market still tight
default
TheAdviser logo
default

 

more from the adviser
WLTH team Neolender CEO reveals broker plans

The co-founder and CEO of new mortgage lender WLTH has revealed i...

tech tool data Business loans to be included in CDR from 1 Nov

The ACCC has revealed examples of the types of business loans tha...

clock Lenders’ turnaround times slowest in three years

The time it takes from loan submission to approval surpassed 25 d...

FROM THE WEB