Sydney Rental Real Estate Continues to Tighten

The rental real estate market in Sydney continues to tighten - especially in the harbour city's inner suburbs, according to new data released by the Real Estate Institute of New South Wales (REINSW).

Available inner-Sydney rental property contracted by 0.3 per cent in March to stand at 1.7 per cent, while the rates in the harbour city's middle and outer suburbs held steady at two per cent and 1.8 per cent, respectively. Inner-city suburbs are defined as being located within a ten-kilometre radius of the Sydney CBD.

These figures, say REINSW president Christian Payne, have seen rental activity return to November 2012 levels and suggest that the market could be under continued pressure.

However, tight vacancy rates could be good news for investors, who may wish to take advantage of the low cash rate to make a property purchase.

Whether you are a prospective tenant looking for a new rental to call home or you are an investor looking for property management support, the Ray White team can help you through the process. Our experienced, professional team can answer all your real estate questions, and can help you find a property that suits your needs.