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




Local Real Estate

finda logo
Featured Real Estate
The Closest Acreage... $695,000
House 4 2 4
Popular Beachside... $275,000
Unit 1 1 1
Magnificent Ocean and... $435,000
House 2 1 1
Tweed River Frontage $399,000
House 3 1

Featured Jobs

finda logo

Tweed jobs listed daily


Featured Jobs
Spirelight Brand... Tweed Heads Full Time
PA/ LEGAL SECRETARY/... Ocean Shores Full Time
Looking for a Cabinet... Tweed Heads Contract
CASUAL DISTRIBUTION... $150.00
CASUAL DISTRIBUTION Deliver catalogues in your local area. Up to $150 per ...


Local Partners

LATEST DEALS AND OFFERS

Job Listings

Search for your next job now.
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Post an ad from $30
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

Horoscopes

Virgo

You may find yourself in the middle of an unusual conversation which will fascinate you. Although there are some vague clues within this...

read more

Marketplace

Special Offers & Promotions

Compare & Save