SA rental market remains steady
February 15, 2012SOUTH Australia’s rental vacancy rate has remained steady at 3.3 per cent.
The Real Estate Institute of SA’s rental market survey for the December quarter showed the vacancy rate was only slightly higher than the September quarter, which was 3.21 per cent.
The metropolitan area recorded a vacancy rate of 3.4 per cent, regional areas were 2.83 per cent.
REISA president Greg Moulton said the rental market was steady but “flatter” than previous years at the same time.
“Over the past 12 months we have seen a slower economy,” Mr Moulton said.
“However, REISA property managers are saying that when the property is well-located, in good condition and priced to meet the market, it will quickly rent.”
The median house rental is $315 per week in metropolitan Adelaide.
For all you need to know about South Australian property prices, turn to the Property Guide, out Saturday.
Source: Adelaide Now
