COFFS RENTALS EASE

The Coffs Coast Advocate - - REAL ESTATE -

THE eas­ing of the rental squeeze con­tin­ues in Coffs Har­bour.

Fol­low­ing sea­sonal trends, the va­cancy rate in our city in­creased by 0.1 per cent in March to 3.9 per cent, ac­cord­ing to the REINSW Va­cancy Rate Sur­vey.

Fe­bru­ary to May are tra­di­tion­ally months when there are more rental prop­er­ties avail­able in Coffs Har­bour. The high­est rental va­cancy in the past 12 months was 4.1 per cent in May 2017.

June and Novem­ber/De­cem­ber are the high­est de­mand months on the Coffs Coast when the va­cancy rate hov­ers around the 2 per cent mark. The low­est rental va­cancy rate in the past 12 months was a mere 1.8 per cent in De­cem­ber 2017.

Our neigh­bours in the North­ern Rivers con­tinue to have ex­tremely low va­can­cies thanks to boom­ing lo­cal in­fras­truc­ture pro­jects. The va­cancy rate there is 1.2 per cent, af­ter re­main­ing at just 0.8 per cent for four of the past six months.

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