News

Grafton rental market from soft to tight says McKimms

Rental market softens then tightens
Rental market softens then tightens

AS THE metropolitan rental market tightens, here in the Clarence Valley it's been "all over the shop", according to one property manager.

Angus McKimm from McKimm's Real Estate said he found early August through to early October to be "soft" months with increasing vacancies.

"There were even some price reductions from landlords keen to secure a good tenant," Mr McKimm said.

"That changed dramatically however by mid October and it is now very difficult to find a rental in Grafton.

"We have many families who have been looking for weeks and weeks and applying for dozens of houses with no success."

The Real Estate Institute of New South Wales released figures last week showing the Northern Rivers vacancy rate had fallen to 2.2% from 3% six months ago.

Coffs Harbour has the highest vacancy rate in NSW at 3.6%, however it did experience a 0.1% fall last month.

The Sydney rental market has tightened to have a vacancy rate of just 1.9%, which has prompted REINSW to call on the government to create incentives for investment in the inner city to tackle what it described as a "rental crisis."

Topics:  rental market



Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Police release CCTV footage after Tweed River death

Police are investigating the suspicious death of Michelle Lord after the car she was in crashed into the Tweed River east of Tumbulgum in October 2015.

Police release CCTV footage of Michelle Lord's last hours

Sporting great visits for tennis championships

John Fitzgerald at the official opening of Arkinstall Park Tennis Centre in May 2015.

School tennis championships at Arkinstall Park.

Kids join in fitness fun

STARTING YOUNG: Boot camp members from the Positive Existence Personal Training take time out to pose for a photograph.

Fitness boot camp caters for busy mums

Latest deals and offers


CCTV of Michelle Lord's last night alive

Police have released this CCTV footage of Michelle Lord with her partner. They are...

ACF take Minister to Court

ACF chief executive Kelly O'Shanassy

The Australian Conservation Foundation go to court to stop Carmichael mine.

Dash Cam: Roo takes on car

Kangaroo leaps car.

Kangaroo could have kept going, jumps car instead.

How a sacked real estate agent made $725k in four months

Agent is now under investigation by the industry watchdog

VIDEO: Art Deco fan pays $835,000 for Imperial Hotel

No Caption

Iconic "Impy" sold at a bargan price to bidder who loves Art Deco.

RBA warns of future apartment oversupply

Toowoomba: Crest Apartments and Burke & Wills, Ruthven Street ( view from Neil Street) Photo Bev Lacey / The Chronicle

RBA says oversupply of apartments poses risk to household finances