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Rental vacancies up only slightly on the South Coast
The latest figures for January 2009 showed a 0.1% increase in the percentage of available rental properties, up to 2.6%
“Unfortunately there has only been a slight improvement in rental conditions on the South Coast,” said REINSW President Steve Martin.
“2.6% is the highest rate since October 2008 but only minimally above the 2.5% recorded in the December figures.
“The South Coast is now comparable to the following regional centres:
- Albury – 2.7%
- Riverina – 2.6%
- Central West – 2.5%
“Despite interest rates being at historic lows, we have seen the South Coast fail to recover lost ground over the last six months falling form a high of 4.1% in September 2008.
“Hopefully we will see a return to greater rental availability over the coming months,” said Mr Martin.
Residential vacancy rates in NSW:
|
January
2009 |
December
2008 |
November
2008 |
October
2008 |
September
2008 |
August
2008 |
| SYDNEY |
1.4% |
1.4% |
1.3% |
1.1% |
1.2% |
1.2% |
| Inner (0-10km from CBD) |
1.3 |
1.3 |
1.3 |
1.1 |
1.5 |
1.4 |
| Middle (10-25km) |
1.3 |
1.5 |
1.2 |
1.1 |
1.1 |
1.1 |
| Outer (>25km) |
1.7 |
1.4 |
1.3 |
1.0 |
1.1 |
1.1 |
| |
|
|
|
|
|
|
| HUNTER |
2.0 |
1.7 |
1.8 |
1.5 |
1.8 |
2.1 |
| Newcastle |
2.2 |
2.1 |
1.7 |
1.6 |
1.6 |
1.6 |
| Other |
1.8 |
1.4 |
1.8 |
1.4 |
2.1 |
2.6 |
| |
|
|
|
|
|
|
| ILLAWARRA |
2.6 |
2.9 |
2.1 |
2.1 |
1.8 |
2.3 |
| Wollongong |
2.4 |
3.0 |
1.9 |
2.2 |
1.4 |
2.1 |
| Other |
3.0 |
2.9 |
0.7 |
1.9 |
2.4 |
2.6 |
| |
|
|
|
|
|
|
| Central Coast |
2.3 |
2.0 |
2.2 |
2.2 |
3.0 |
3.1 |
| |
|
|
|
|
|
|
| Albury |
2.7 |
3.1 |
3.7 |
3.4 |
3.0 |
3.3 |
| Central West |
2.5 |
3.6 |
4.2 |
4.7 |
4.4 |
2.5 |
| Coffs Harbour |
2.5 |
3.5 |
4.0 |
2.9 |
4.1 |
3.4 |
| Mid-North Coast |
1.8 |
2.0 |
1.9 |
2.7 |
2.4 |
2.4 |
| New England |
2.4 |
2.6 |
2.2 |
3.9 |
4.1 |
4.0 |
| Northern Rivers |
2.3 |
1.8 |
1.8 |
2.8 |
1.9 |
2.0 |
| Orana |
3.3 |
3.3 |
3.4 |
3.6 |
2.6 |
2.0 |
| Riverina |
2.6 |
3.1 |
1.9 |
2.6 |
2.7 |
2.7 |
| South Coast |
2.6 |
2.5 |
2.5 |
3.4 |
4.1 |
4.0 |
| South Eastern |
2.4 |
2.3 |
1.1 |
2.5 |
3.7 |
2.7 |
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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