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Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
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Fri 24 Jan '25 with Rich Harvey Brisbane Property Market – Trends and Predictions for 2025
 
 
Fri 10 Jan '25 with Rich Harvey Melbourne Property Market Outlook 2025
 
 
Fri 27 Dec '24 with Rich Harvey How to Finance your Future with Property
 
 
Fri 13 Dec '24 with Rich Harvey Property Market Outlook 2025
 
 
Fri 29 Nov '24 with Rich Harvey How to Make Better Financial Decisions
 

 

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Eastern suburbs see two-year low vacancy rates

March 13, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

Great news for owners of rental properties in New South Wales' capital city - vacancy rates are getting even tighter in inner Sydney, according to the Real Estate Institute of New South Wales (REINSW).

The February 2014 REINSW Vacancy Rate Survey showed the number of properties for rent in Sydney's inner suburbs fell 0.3 per cent during February, reaching 1.5 per cent.

"The falls have been most dramatic in the inner suburbs, hitting two-year lows," REINSW President Malcolm Gunning said.

"The wider picture for Sydney highlights the need for investors to be encouraged to continue purchasing residential property. There is not enough stock available and this combined with the future threat of interest rate increases will see rises in rental prices."

Vacancy rates fell 0.2 per cent overall across the city, bringing them down to 1.7 per cent. The middle suburbs experienced a vacancy rate decline of 0.3 per cent, reaching 2 per cent. Meanwhile, vacancy rates in the outer suburbs fell 0.1 per cent, reaching 1.6 per cent.

For current owners of Sydney rental properties, this is fantastic news. Less vacancy means more demand, pushing the value of the properties higher. Meanwhile, as pointed out by Mr Gunning, this will likely lead to an increase in rental prices, resulting in more cash flow positive property for owners.

This is especially true for investors in the inner suburbs. Areas like Bondi, Double Bay, Rose Bay and Bellevue Hill are giving rental property owners plenty to smile about in this climate.

As for those who wish to enter the market in this region, it appears that the middle suburbs may be a good bet. With the highest vacancy rate of the suburban regions, middle suburb property may be more affordable for investors.

The Propertybuyer
Podcast

 
Fri 7 Feb '25
with Rich Harvey
How to Retire on $250k p.a.
 
 
Fri 24 Jan '25
with Rich Harvey
Brisbane Property Market – Trends and Predictions for 2025
 
 
Fri 10 Jan '25
with Rich Harvey
Melbourne Property Market Outlook 2025
 
 
Fri 27 Dec '24
with Rich Harvey
How to Finance your Future with Property
 
 
Fri 13 Dec '24
with Rich Harvey
Property Market Outlook 2025
 
 
Fri 29 Nov '24
with Rich Harvey
How to Make Better Financial Decisions
 

 

Listen to many more
podcasts on our
Podcasts page.