Property investors will be interested that Sydney’s vacancy rate has remained unchanged at a low 1.6% in March quarter figures released by the Real Estate Institute of Australia (REIA) – the lowest capital city market, Other city vacancy rates listed below.
- Brisbane at 1.7%,
- Perth at 1.9%
- Melbourne and 2.3%.
Generally, vacancy levels under 3 per cent are considered to reflect a tight rental market with insufficient properties being available, usually increasing the asking rental prices.
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