This article is from the Australian Property Journal archive
ADELAIDE's rental market squeeze has eased slight, the vacancy rate sitting at just 1.5% for the month of August, according to the Real Estate Institute of South Australia.
REISA’s president Mark Sanderson said this is an improvement, considering the metropolitan vacancy rate has been in the 1-2% range for five straight months.
However Sanderson said that as the year progresses, demand will increase again.
Recent data obtained by the Office of Consumer and Business Affairs showed that Glenelg, Salisbury and the city of Adelaide are South Australia’s investment hotspots.
There were 2698 properties being rented in the postcode 5045 in September, which encompasses the suburbs of Glenelg, Glenelg East, Glenelg South and Glenelg North.
Salisbury’s postcode of 5108 contained 2663 rented properties while Adelaide’s postcode of 5000 contained 2654 rented properties. These numbers were all up by between 4-7% from this time last year.
Australian Property Journal
