According to a recent Real Estate of NSW report, figures show that the vacancy rate around inner city had increased by 0.3% to 1.6% at the end of April. Middle city suburbs increased reaching 2% although regional centres such as Wollongong, Albury, Northern Rivers, and the Hunter Region had all decreased and showed rental markets to be tight. When the rate hits 3% it means that the rental market is balanced. There are some great opportunities currently if you are thinking about an investment property.
April 2014’s NSW Rental Market still tight