The Real Estate Institute of NSW vacancy rate survey for November shows that tenants in Sydney are concerned about rising rents and are staying in their current accommodation for as long as they can.

The Real Estate Institute of NSW Vacancy Rate Survey for October shows that Sydney will be in the grip of a rapidly worsening rental housing crisis early in the New Year.

REINSW President, Mrs Cristine Castle, today called on the NSW Government to abolish land tax on all residential investment and provide stamp duty relief to over 65s to counter some of the impact of today’s interest rate rise by the Reserve Bank of Australia (RBA).

September Quarter house and unit price figures released today by Australian Property Monitors (APM) show that it’s a great time to buy real estate in Sydney with house prices in Perth poised to become the nation’s most expensive.