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Rents up again in NSW

17/08/2010

Rents are on the rise again in Sydney and metropolitan New South Wales. Average rents rose to $410 per week in the June quarter - $10 higher than three months ago and $20 higher than the same time last year, according to official figures from the New South Wales government.

Sydney’s vacancy rate is 1.2 per cent, Wollongong’s 1.1 per cent and Newcastle’s 1.6 per cent. The biggest annual rent increases for three bedroom houses over the year occurred in the Local Government Areas of Willoughby (17.6 per cent to $800), Ryde (14.6 per cent to $550) and Marrickville (12.7 per cent to $620).

Source: The Advisor



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