Rental shifts
Rental listings are now trending higher in outer locations, such as the Blue Mountains, south-western Sydney and Wollongong.
A couple of charts from SQM Research...here's the Blue Mountains.
And here's Wollongong.
Rental vacancies are also generally trending higher from chronically low levels in South-Western Sydney, and - to some extent - Western Sydney.
On the other hand, rental vacancies in the Eastern Suburbs are at all-time lows.
The same holds true on the lower north shore, while the inner west isn't far off record low rental listings.
With international travel reopening and record high student visa applications over recent months, the inner-suburban rental pressures are set to intensify in 2023.
Rental shortages are being exacerbated by a surge in Airbnb usage.
