SYDNEY’S rental crisis might not be nearly as bad as the real estate industry would have you believe, new figures show.
The Real Estate Institute of NSW, which last year predicted a rental squeeze so bad rents would rise by 20 per cent, says Sydney’s current rental vacancy rate is 0.9 per cent.
But data compiled exclusively for the Herald by property specialist SQM Research shows the rental vacancy rate in some suburbs is as high as 10 per cent.
» Rental shortage hyped up: researcher – The Sydney Morning Herald, June 7th 2008