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Sydney's vacancy rate held steady in April at only 1.7 per cent, indicating there are supply constraints in the rental property market.
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McGrath has opened a new office in Shellharbour on the NSW South Coast, where lifestyle and affordability are driving property prices and rental yields higher.
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The number of residential properties available for rent across Sydney rose 0.1% to 1.8% in June, says REINSW.
The inner city residential market remains incredibly tight when it comes to rental properties.
"Sydney is the job destination for Australia and there is strong migration. This is why we are seeing low vacancy rates."
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