Though a grim prospect for renters, tight vacancy rates in New South Wales spell strong opportunities for investors, according to the Real Estate Institute of New South Wales.
Residential vacancy rates in Sydney continue to hover around one per cent, statistics from the institute revealed last week.
Regional areas have also registered extremely tight vacancy rates, with Wollongong the tightest at 1.3 per cent.
The Northern Rivers, South Eastern New South Wales and Newcastle are all also firmly stretched for supply with vacancy rates of 1.7, 2.0 and 1.8 per cent respectively.
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