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Rental vacancies drop on the South Coast
“Despite the fall, the latest figures are still good news as they show a vacancy rate still above 3%,” said REINSW President Steve Martin.
“The optimum vacancy rate for any area is between 3 and 4 percent so the South Coast is continuing to perform well, especially when compared to other parts of the state.
In May 2009, the percentage of available rental properties fell by 0.2% to 3.5%.
“Clearly the very low interest rate environment and the additional incentives for first home buyers are having a positive effect,” said Mr Martin.
Residential vacancy rates in NSW:
|
May
2009 |
April
2009 |
March
2009 |
February
2009 |
January
2009 |
December
2008 |
| SYDNEY |
1.0% |
1.5% |
1.2% |
1.3% |
1.4% |
1.4% |
| Inner (0-10km from CBD) |
1.4 |
1.4 |
1.2 |
1.3 |
1.3 |
1.3 |
| Middle (10-25km) |
1.5 |
1.7 |
1.5 |
1.3 |
1.3 |
1.5 |
| Outer (>25km) |
1.0 |
1.4 |
0.9 |
1.1 |
1.7 |
1.4 |
| |
|
|
|
|
|
|
| HUNTER |
1.7 |
1.9 |
1.9 |
1.7 |
2.0 |
1.7 |
| Newcastle |
1.5 |
1.7 |
2.2 |
1.3 |
2.2 |
2.1 |
| Other |
1.9 |
2.1 |
1.6 |
2.2 |
1.8 |
1.4 |
| |
|
|
|
|
|
|
| ILLAWARRA |
1.6 |
1.9 |
2.0 |
1.9 |
2.6 |
2.9 |
| Wollongong |
1.2 |
2.2 |
1.6 |
1.5 |
2.4 |
3.0 |
| Other |
2.7 |
1.4 |
2.7 |
2.7 |
3.0 |
2.9 |
| |
|
|
|
|
|
|
| Central Coast |
1.6 |
1.7 |
2.2 |
2.6 |
2.3 |
2.0 |
| |
|
|
|
|
|
|
| Albury |
2.3 |
2.1 |
1.7 |
3.4 |
2.7 |
3.1 |
| Central West |
2.2 |
2.9 |
3.1 |
3.1 |
2.5 |
3.6 |
| Coffs Harbour |
3.3 |
1.8 |
3.6 |
2.7 |
2.5 |
3.5 |
| Mid-North Coast |
1.8 |
2.1 |
1.4 |
2.0 |
1.8 |
2.0 |
| New England |
1.9 |
1.8 |
2.0 |
2.1 |
2.4 |
2.6 |
| Northern Rivers |
2.2 |
2.7 |
2.2 |
2.0 |
2.3 |
1.8 |
| Orana |
1.6 |
1.6 |
1.6 |
2.9 |
3.3 |
3.3 |
| Riverina |
2.0 |
2.3 |
2.2 |
3.0 |
2.6 |
3.1 |
| South Coast |
3.5 |
3.7 |
2.3 |
3.3 |
2.6 |
2.5 |
| South Eastern |
2.5 |
1.5 |
3.5 |
2.6 |
2.4 |
2.3 |
Members can access Vacancy Rate Survey results for the years 2001 to 2008 by clicking here. 
Please direct media inquiries to Julian Brophy on 0408 276 749.
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