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Middle-ring Sydney getting tighter & tighter

As has also been seen in rapidly tightening Melbourne, the trend in middle ring reported vacancies in Sydney has been getting tighter and tighter. Sydney Harbour 300x182

Rental vacancy rates are tracking at just 1.4 per cent for the middle ring.

That figure for the middle ring has now formed a multi-year downtrend, despite record apartment completions.

As a result, apartment rents have been rising sharply in both cities.

Nsw Vacancy Rates

The rental vacancy rate across Sydney was flat at just 1.8 per cent.

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About

Pete Wargent is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. He’s achieved financial freedom at the age of 33 - as detailed in his book ‘Get a Financial Grip – A Simple Plan for Financial Freedom’. Pete now manages his investment portfolio, travels and works as a consultant in the finance industry from time to time. Visit his blog


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