Sydney’s Inner-City Vacancies Could Tighten
Kanebridge News
Share Button

Sydney’s Inner-City Vacancies Could Tighten

The rental market is set to feel a supply squeeze.

By Terry Christodoulou
Thu, Apr 22, 2021 2:49pmGrey Clock < 1 min

Finding an inner-city rental is set to become increasingly difficult as the number of vacancies in Sydney’s inner suburbs is set to tighten as a number of investors look to sell their properties to take advantage of rapidly rising prices.

According to data from suburbtrends.com more than one in three (34%) of properties listed for sale in Leichhardt, in Sydney’s inner west, are ex-rental homes – the highest proportion of investment properties currently on the market in a given area.

North Sydney and Mosman fared similarly with one in four (25%) properties listed ex-rentals, the eastern suburbs presented 28% in the month of March.

Of course, if the bulk of homes being bought are to be turned into owner-occupiers, there will be some flow-on effects to the rental market.

Further, 14% of the Perth city market and 5% of the Melbourne city market are ex-rentals.



MOST POPULAR

Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

Related Stories
Property
Footy fever and holiday vibes impact property auctions
By KANEBRIDGE NEWS 29/09/2023
Property
Dream property not on the market? You can still find it here
By KANEBRIDGE NEWS 28/09/2023
Property
Australian house prices set to surge across the country
By KANEBRIDGE NEWS 27/09/2023
Footy fever and holiday vibes impact property auctions

Scheduled auctions fall to winter levels as vendors hold back on going to market

By KANEBRIDGE NEWS
Fri, Sep 29, 2023 < 1 min

Grand final fever and the long weekend have dampened scheduled auction activity this weekend, CoreLogic reports.

The number of homes scheduled for auction this weekend is set to halve, with 1,324 properties listed, marking the quietest week since mid June. Melbourne will experience the quietest week since Easter, CoreLogic data shows, with 223 homes prepared to go under the hammer. In Sydney, 805 properties are expected to go to market, the lowest number in seven weeks.

With long weekends in Queensland and South Australia, numbers are also down in Brisbane (111) and Adelaide (86), less than half the properties available for auction the previous week. It’s a less dramatic drop in Canberra, where 83 homes are scheduled for auction, down -22.4 percent on the previous week. 

MOST POPULAR

Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

Related Stories
Property
More loss, less profit for short term property holders
By KANEBRIDGE NEWS 22/09/2023
Lifestyle
Smart Saunas Are Picking Up Steam Around the U.S.
By J.S. MARCUS 24/09/2023
Money
Inflation trends upwards ahead of RBA meeting
By KANEBRIDGE NEWS 27/09/2023
0
    Your Cart
    Your cart is emptyReturn to Shop