Hi all,
I was wondering if anyone could shed some light on finding out about vacancy rates for residential and/or commercial properties in NSW, VIC and QLD – or any state for that matter?
I have normally asked real estate agents, but would prefer if I could find solid data myself, instead of believing what they say on face value.
I have checked with REIV and they directed me to their regular property reports which cost $75. And they also mentioned that some commercial real estate agents publish this data, but I am yet to find anything for now.
Anyone help would be greatly appreciated!!!
[biggrin]Jeremy
The REIA publish this data for each state in the quarterly MArket Facts report – but you have to pay for it
Michael Yardney
METROPOLE PROPERTIES
Publisher of Australia’s leading property e-magazine.
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FREE subscription http://www.PropertyUpdate.com.auHi Michael,
Thanks for the input. Is there any other way besides having to pay the REIA for it? eg extracting data from ABS or Department of Housing etc.
I called around a couple real estate agents today to test out how much they knew about the vacancy rates and average rental yield of their areas – some were knowledgable, but there was one lady who was a bit frustrated when I started going into detail.
ps I have read your book – great work!! Your insights regarding property cycles and understanding the demographic of an area was particularly useful [biggrin] I got a lot out of it!!
Thanks again for your help! [biggrin]
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