Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Growth

NSW rental shortage offers strong investment opportunities

3 minute read
The Adviser

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.

Published: 21-07-08

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits