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InvestAus

InvestAus

Mortage Broker , Sydney Region

NSW: The shift towards regional living continues at pace

29D ago 0 Replies 32 Views
Regional property markets are seemingly benefitting from COVID-19, as the pandemic accelerates the trend of city dwellers relocating to regional areas.
While some capital city CBD markets are recording double-digit rental vacancy rates, with Sydney CBD and Melbourne CBD at 12.9 per cent and 10 per cent respectively, renters hunting in regional areas are facing slim pickings.
In NSW’s Blue Mountains, a record-low of only 0.7 per cent of the area’s rental property market were vacant in August, nosediving from 2 per cent in March, the latest SQM Research data showed.

“The shift towards regional living continues at pace, largely at the expense of higher inner-city rental vacancy rates. I suspect there will have to be a high point in this move soon,” 

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