NSW rental vacancies stuck in 'Groundhog Day'
As rental vacancies fell in most parts of Sydney in August, it is clear that NSW continues to face an accommodation crisis for frontline workers.
REINSW believes that this will be a major NSW election issue in 2011.
The overall rental vacancy rate in Sydney fell 0.1% to 1.5% for August 2010, with falls also recorded in the city’s inner and middle suburbs.
What we are seeing are only marginal changes in the rental vacancy rate month to month, with no long-term recover in sight.
It is clear that the trend points towards a continuing crisis in rental accommodation, which is certain to start seriously affecting our frontline industries including teachers, fire, health, ambulance and police.
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