FIND YOUR LOCAL BUYERS' ADVOCATE:
    TALKS & PODCAST           CALL US CALL US
1300 655 615
 
 

The
Propertybuyer

Podcast

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

 
Fri 1 Nov '24 with Rich Harvey Sydney’s Lower North Shore - Perspectives and Insights
 
 
Fri 20 Sep '24 with Rich Harvey How to Invest or Buy Commercial Property
 
 
Fri 6 Sep '24 with Rich Harvey Breaking Gender Barriers, Creating Empathy & Other Empowering Strategies
 
 
Fri 23 Aug '24 with Rich Harvey Where to invest for around $500k?
 
 
Fri 9 Aug '24 with Rich Harvey How to Find the Ideal Investment Suburbs?
 
 
Fri 26 Jul '24 with Rich Harvey Property Market Pulse, Predictions & Policies to fix the housing market.
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Vacancy rate remains tight in inner Sydney

May 13, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

If you're looking to buy a house in Australia to rent out, understanding local vacancy rate statistics is vital. After all, the lower the vacancy rate, the easier it will be to turn your investment into a cashflow positive property.

The April 2014 Real Estate Institute of New South Wales (REINSW) Vacancy Rate Survey shows the number of homes for rent in Sydney increased slightly during the month, although the rise was not felt the same all over the city.

Even while overall vacancy increased, some areas were highlighted as experiencing considerable falls in available properties.

"It is important for new Premier Mike Baird to take a holistic approach to the housing issues facing the state," REINSW President Malcolm Gunning said.

"It is not isolated to Sydney."

However, Mr Gunning went on to point out that inner Sydney vacancy rates remain the tightest, even in the face of a 0.3 per cent increase, bringing the vacancy rate to 1.6 per cent.

Inner city suburbs include Ashfield, Botany Bay, Lane Cove, Leichhardt, Marrickville, Mosman, North Sydney, Randwick, Waverley and Woollahra.

This data shows that scooping up rental properties in these areas could be a smart investment decision.

Meanwhile, the middle Sydney vacancy rate increased 0.4 per cent, bringing it to 2 per cent. Outer Sydney saw a smaller rise (0.2 per cent), bringing availability in the region to 1.7 per cent.

With inventory so tight in some areas, finding the right rental property to invest in could prove difficult. Fortunately, working with a qualified buying agent can help streamline the process.

These professionals can use their expert knowledge of the local area to provide you with valuable insight into the property market, as well as work on your behalf to secure the right home for your investment goals.

The Propertybuyer
Podcast

 
Fri 1 Nov '24
with Rich Harvey
Sydney’s Lower North Shore - Perspectives and Insights
 
 
Fri 20 Sep '24
with Rich Harvey
How to Invest or Buy Commercial Property
 
 
Fri 6 Sep '24
with Rich Harvey
Breaking Gender Barriers, Creating Empathy & Other Empowering Strategies
 
 
Fri 23 Aug '24
with Rich Harvey
Where to invest for around $500k?
 
 
Fri 9 Aug '24
with Rich Harvey
How to Find the Ideal Investment Suburbs?
 
 
Fri 26 Jul '24
with Rich Harvey
Property Market Pulse, Predictions & Policies to fix the housing market.
 

 

Listen to many more
podcasts on our
Podcasts page.