For December 2020 the REINSW Vacancy Rate Survey results have yet again shown that the Covid-19 pandemic continues to impact the residential rental market for Sydney.
However, things have been pretty good here on the Northern Beaches…
We are still finding a large number of tenants migrating to the Northern Beaches from inner-city rings and North Sydney. Whilst many are working remotely they are looking for lifestyle the opportunities.
Vacancy rates for Sydney have dropped from 4.3% in October to 3.3% in December 2020 – We are seeing figures closer to 2.0% for the Northern Beaches.
There is still a distinct lack of free-standing homes available, driving up rents, particularly for larger homes.
We have a strong database of tenants actively looking for houses and apartments at the moment, so for anyone looking to lease their property – we have qualified tenants ready to go!