General
Residential vacancy rates crash in regional New South Wales
On the day a multi-million-dollar campaign has been launched to entice more people to move out of major cities, new figures paint a bleak picture for renters looking for a home in regional New South Wales.
Key points:
- Vacancy rates in parts of regional NSW have crashed
- One Indigenous man says his rental applications are routinely rejected
- A new campaign is launched to drive regional migration
Residential vacancy rates are below 1 per cent in many areas.
Data released by the Real Estate Institute of New South Wales showed a vacancy rate of 0.6 per cent for the Northern Rivers last month.
That was down from 1.4 per cent in January, while the vacancy rate for Sydney was more than 3 per cent.
REI chief executive Tim McKibbin said 0.6 per cent was…
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