In another crushing blow for the rental market across Sydney, properties available for rent have hit their lowest level in a decade. 👇
However Mr Kusher said on the flip side, areas such as Baulkham Hills, the Hawkesbury, Blue Mountains and the Central Coast had more properties on the market now compared to 12 months ago.
A key finding of the PropTrack report was that without an imminent increase in supply, the number of rentals would remain low and drive up competition renters are facing.“I’d be very surprised if there’s any relief over the next few months. You have a lot of housing under construction but most of its targeted at owner-occupier. Build to rent is coming but it is a premium product and not a huge volume.
“You’ve still got a high number of people selling their investment properties and we know there is still a lot of people coming into the country from overseas.
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