Staff Reporter
Rents are expected to grow faster than inflation, new data from SQM revealed.
Figures released last week by the property research house found that vacancy rates were down nationally for the month of February when compared to January 2011, recording a national vacancy rate of 1.7 per cent.
This is the second consecutive month-on-month decline on vacancies. This is a trend on a national scale, recording falls in all national cities.
“Comparing this figure with data from the same month last year, we can see that there has not been a large degree of change, with a year-on-year difference of only 395 listings, recording a very slight increase compared to February 2010,” SQM Research managing director Louis Christopher.
“Overall, these vacancy statistics reveal an ongoing tight rental market nationwide, with some cities recording tighter results than others.
“This has been resulting in higher than average rental growth per annum as in the case in Sydney, where rents have grown on a compounded basis by 8.8 per cent per annum for the past five years.
“With this type of vacancy rate result, it implies once again that this year we will see rents grow faster than inflation.”
Mark Hewitt, general manager, industry and partnership development at Australian Finance Group (AFG) will commence as...
Following its launch of an early commission payment product to brokers using the effi platform, cash-flow solutions...
According to Grow Finance (Grow), David Keeling’s appointment, which commenced on 11 April, is part of a broader...
Most Talked About
Major bank CEO backs fees-for-service model
by Charbel KadibShadow treasurer says government has ‘got it wrong’ on trail
by Annie KaneOpen letter to CBA CEO Matt Comyn
by ReporterTreasury: Trail to be banned next year
by Annie KaneRemove trail, says final Productivity Commission report
by Reporter