Vacancy rates lowest in eastern states

From The Australian today:

Migration helps push up rents | Property | The Australian

With migration aiding the slowly rising rental market, it appears as though the eastern states are leading the race, with vacancy rates at new lows.
Perth was the only capital city to record an increase in vacancies over the last three months, not surprising given the investor activity in the last three years.

 

Jacque,

Looking good for investors isn't it!

I don't normally cross-post with other forums, but this is worth a post here on InvestEd. The following report was linked on SS but its a great read:

http://www.anz.com.au/business/info...ntary/ANZAustralianPropertyOutlookDec2006.pdf

I particularly liked this bit:

And the attached graph from that report spells out the projections for future vacancy rates by state. Look at that 2008 number for NSW!

Gotta love building townhouses on the Northern Beaches!!

Cheers,
Michael.

 

And how convenient that 2008 may well be the completion date on some very quality rentable Mona Vale townhomes