Author
Gerv Tacadena is a journalist writing for Your Mortgage and Your Investment Property, which are part of the Savings Media Group. With a keen interest in the mortgage industry and housing market, he aims to help inform and educate Australians on the latest property news and updates.
Figures from the Real Estate Institute of New South Wales (REINSW) showed that the vacancy rate fell to 2.5% in Sydney, 1.8% in Newcastle, and 0.4% in Wollongong.
The four biggest home loan providers have continued their uptrend in fixed rates at the start of the year, in an anticipation of a likely cash-rate hike later this year.
Renters in capital and regional cities are likely to end up paying more this year, as the market becomes increasingly tight and in favour of landlords.