NSW Sydney Eastern Suburbs - Rental Vacancy Statistics

Discussion in 'Property Management' started by Mel Morgan, 15th Apr, 2020.

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  1. Mel Morgan

    Mel Morgan Sydney Property Manager Business Member

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    Was just sent some really interesting stats on the number of apartments listed for rent in the Eastern Suburbs over time.

    Really shows the impact of the lack of overseas tourists, fewer students, Airbnb properties hitting the long term rental market and also seasonality in suburbs like Bondi and Surry Hills.

    upload_2020-4-15_22-45-55.png
    Data extracted from Bob Guth's Real Estatement
     
    Last edited: 16th Apr, 2020
  2. Morgs

    Morgs Well-Known Member Business Member

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    This will be huge for rental yields in the east.

    The tourists and students are gone and they can't come back for the foreseeable future. Even if we get this thing under control now, the rest of the world won't so our borders will remain closed. Therefore I suspect there is a significant amount of pain ahead.

    Only a matter of time before this impacts on landlords and some will decide to sell.

    Once in a generation buying opportunity ahead!
     
  3. Simon Hampel

    Simon Hampel Founder Staff Member

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    I've started tracking sales and rental listings in some areas of interest to me (in SA and NSW). Will be interesting to see how things change over time. I'm already seeing a huge number of new rental listings here in Artarmon. Unfortunately I don't have historic data.
     
  4. Lacrim

    Lacrim Well-Known Member

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    Randwick's a fantastic place to live - can't get over why there's constantly so much supply.
     
  5. Lacrim

    Lacrim Well-Known Member

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    Would be great to see if number of listings has increased by similar proportion using the same table.
     
  6. Cimbom

    Cimbom Well-Known Member

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    Interesting that Potts Point isn't listed. There's definitely lots of AirBNB rentals there
     
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  7. Scott No Mates

    Scott No Mates Well-Known Member

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    A few seasonal trends there too.
     
  8. Mel Morgan

    Mel Morgan Sydney Property Manager Business Member

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    Its become a very popular area with students and tourists priced out of the beachside suburbs, was already a huge number of Randwick vacancies prior to this unfortunately.