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NSW faces accommodation crisis for frontline workers if rental vacancies don’t improve
16 April 2010
The overall rental vacancy rate in Sydney fell to 1.1% for March 2010 prompting the REINSW to say key workers including teachers, fire, health, ambulance and police could be future casualties of the rental crisis.
Vacancy rates also declined in other key metropolitan centres, falling 0.4% to 1.5% in Newcastle and 0.6% to 1.1% in Wollongong
“As the rental vacancy rates for Sydney, Wollongong and Newcastle continue to deteriorate, it has become clear that we urgently need a comprehensive plan to avert an accommodation crisis for frontline workers”, said REINSW President Wayne Stewart.
“Our nurses, fire brigade officers, teachers, police and ambulance officers are just some of the frontline workers we rely upon yet the rental crisis is now so bad that we risk squeezing them out of our cities.
“REINSW is calling on the NSW Government to develop a plan to boost ‘key worker’ accommodation in our major centres, particularly focused on additional supply in inner and middle suburbs.
“Unfortunately our frontline workers face a very tough future if proposed amendments to the Residential Tenancy Act are passed by the Keneally Government.
“That will spark a further decline in available properties coupled with sky rocketing rents which could see an exodus of frontline workers out of NSW.
“Quite simply, the government needs to act urgently to help increase rental supply or else it faces the prospect of having to boost wages for frontline workers to meet rising rents”, said Mr. Stewart.
Decreases in rental vacancies were recorded in the following areas of Sydney:
- ‘Outer’ suburbs (More than 25 km from CBD) fell 0.3% to 1%
- ‘Middle’ suburbs (10-25km from CBD) which fell 0.7% to 1.1%
Sydney’s ‘Inner suburbs’ (0 to 10km from CBD) remained unchanged at 1.1%
Overall across the Hunter region, the percentage of rental vacancies decreased 0.3% to 1.4% whilst in the Illawarra, the percentage of rental vacancies fell 0.5% to 1.1%.
|
March 2010 |
February 2010 |
January 2010 |
November 2009 |
October
2009 |
September
2009 |
August
2009 |
| SYDNEY |
1.1 |
1.3 |
1.7 |
1.6% |
1.3% |
1.3% |
1.3% |
| Inner (0-10km from CBD) |
1.1 |
1.1 |
1.7 |
1.5 |
1.3 |
1.4 |
1.5 |
| Middle (10-25km) |
1.1 |
1.8 |
1.9 |
2.3 |
1.5 |
1.4 |
1.3 |
| Outer (>25km) |
1.0 |
1.3 |
1.4 |
1.1 |
1.0 |
1.0 |
1.9 |
| |
|
|
|
|
|
|
|
| HUNTER |
1.4 |
1.7 |
2.5 |
1.7 |
1.6 |
1.5 |
1.6 |
| Newcastle |
1.5 |
1.9 |
3.4 |
1.6 |
1.6 |
1.6 |
1.8 |
| Other |
1.4 |
1.5 |
1.5 |
1.6 |
1.5 |
1.4 |
1.4 |
| |
|
|
|
|
|
|
|
| ILLAWARRA |
1.1 |
1.6 |
1.5 |
1.5 |
1.8 |
1.7 |
1.3 |
| Wollongong |
1.1 |
1.7 |
2.0 |
2.0 |
1.8 |
1.6 |
1.3 |
| Other |
1.2 |
1.5 |
0.8 |
1.1 |
1.7 |
1.8 |
1.3 |
| |
|
|
|
|
|
|
|
| Central Coast |
1.6 |
1.4 |
1.8 |
1.3 |
1.5 |
1.6 |
1.6 |
| |
|
|
|
|
|
|
|
| Albury |
2.1 |
1.6 |
1.8 |
2.3 |
1.8 |
1.5 |
2.3 |
| Central West |
1.4 |
1.9 |
2.5 |
1.5 |
1.8 |
2.0 |
2.1 |
| Coffs Harbour |
2.7 |
2.5 |
1.9 |
2.4 |
2.7 |
1.9 |
4.1 |
| Far West |
- |
- |
- |
- |
0.4 |
0.6 |
- |
| Mid-North Coast |
1.9 |
1.9 |
1.1 |
1.2 |
1.5 |
2.3 |
2.2 |
| Murrumbidgee |
3.4 |
2.6 |
3.7 |
3.4 |
2.9 |
3.6 |
- |
| New England |
2.1 |
1.8 |
1.7 |
1.6 |
2.9 |
2.0 |
1.7 |
| Northern Rivers |
2.3 |
1.8 |
2.3 |
1.7 |
2.4 |
2.3 |
1.9 |
| Orana |
1.9 |
1.5 |
3.0 |
1.2 |
1.1 |
1.2 |
1.4 |
| Riverina |
2.8 |
4.2 |
4.1 |
2.6 |
4.1 |
1.5 |
1.3 |
| South Coast |
1.7 |
1.1 |
2.0 |
2.5 |
2.1 |
2.9 |
2.2 |
| South Eastern |
0.9 |
1.4 |
2.3 |
2.5 |
5.3 |
0.8 |
1.7 |
Members can access Vacancy Rate Survey results for the years 2001 to 2009 by clicking here. 
Please direct media enquiries to Julian Brophy on 0408 276 749
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