Newcastle Vacancy Rate

Discussion in 'Property Management' started by balwoges, 7th Mar, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. balwoges

    balwoges Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,706
    Location:
    Lake Macquarie
    from 'The Star' Newcastle - 6th March 2019
    'The residential rental vacancy rose to 2.5 percent in Newcastle in January but is still lower than in Sydney and Wollongong. The latest Real Estate Institute NSW rental vacancy report shows Newcastle vacancies jumped 0.6 per-centage points in January to their highest level in four months.
    The vacancy rate was 1.4 per cent 12 months ago and 2.9 per cent in September. Vacancies rose 0.1 per cent, to 1.8 percent, across the rest of the Hunter.'
     
    balwoges, 7th Mar, 2019
    #1
  2. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    We seem to have gotten very used to the idea of very low vacancy rates over the last few years. Before that, a 3% vacancy rate was considered "balanced". :)
     
    Propertunity, 7th Mar, 2019
    #2