Demand for Sydney apartments drives up rents

Rents for units in Sydney have surged over the June quarter as demand continues to increase for apartment style living over the typically more expensive housing option. According to Australian Property Monitors (APM) the median weekly asking rental for Sydney units rose by +4.4% over the quarter to $470. Unit rents in Sydney are now…

Is 2012 the year of rising rents?

At times of slower property price growth; let’s be honest – no price growth in some areas, property investors count on rising rents to boost their investment returns. The fact is, since the beginning of 2006 rental growth across the combined capital cities has outpaced the growth in home values.

Rising rents a certainty

We all know that the vacancy rate remains tight.  But few realise just how tight it has become.  Of the 1,600 odd postcodes across Australia with rental properties in them, 475 or 30% have a vacancy rate under 1%.  Seven out of ten postcodes have a vacancy rate under 2%, and nine out of ten…

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