Wollondilly suburbs have featured in the Top 10 worst postcodes for renters trying to find anything advertised in December.

MCG Quantity Surveyors’ latest data reveals an acute shortage in rental listings across Australia, significantly impacting renters, especially during the holiday season, while simultaneously presenting investment opportunities.

“The December data paints a stark picture for the Australian rental market,” said Mike Mortlock, Managing Director of MCG Quantity Surveyors.

“In areas like Greater Sydney and Regional NSW, we’re seeing a significant crunch in available rentals, putting immense pressure on renters.”

The data indicates severe shortages in specific regions.

In Greater Sydney, areas like Sutherland – Menai – Heathcote (2225) reported only one rental listing, despite having a substantial number of private rentals.

Pheasants Nest – Bargo – Yanderra (2574) in Wollondilly comes in at No.8 on the Greater Sydney list, after suburbs like Fairfield, Dural and Bankstown, with only five rentals advertised in December among the 201 private rentals in this postcode.

Looking at trends across the country, Mr Mortlock notes that regions like Greater Melbourne and Greater Brisbane, which traditionally have robust rental markets, are showing an alarming decrease in rental listings.

“This scarcity, though a hardship for renters, presents a unique opportunity for investors, especially with the potential shift in interest rates in 2024,” he said.

In Melbourne, places like the Yarra Ranges (3158) and in Brisbane, areas such as Ipswich Hinterland (4310), are experiencing significant rental shortages.

This pattern extends to Regional VIC and Regional QLD, highlighting a nationwide issue.

Mr Mortlock adds, “Our analysis reveals that while renters in areas such as Regional VIC and Regional QLD are facing tough times, investors could play a key role in easing these pressures.

“By entering these markets, investors can help increase the availability of rental properties, creating a win-win situation for both the rental community and themselves.”

This situation presents an opportune moment for investors to contribute positively to the market, not only for financial gains but also to improve rental availability in under-served areas.

The improvement in rental yields and the potential for stable or declining interest rates in 2024 make these markets particularly attractive for investment.

Here is the complete NSW – GREATER SYDNEY TOP 10:

 

#

 

Area

 

Postcode

 

Suburbs

December advertised rentals Total private rentals in postcode

 

1

Sutherland – Menai – Heathcote

 

2225

 

Oyster Bay

 

1

 

101

2 Fairfield 2178 Kemps Creek, Cecil Park, Mount Vernon 2 115

 

3

Dural – Wisemans Ferry 2157

 

Canoelands, Glenorie

3

 

107

4 Hornsby 2081 Berowra, Cowan 3 155
5 Bankstown 2214 Milperra 4 108
6 Blue Mountains 2783 Lawson 4 136
7 Wyong 2258 Ourimbah, Palmdale, Palm Grove, Kangy Angy, Fountaindale 5 234
8 Wollondilly 2574 Pheasants Nest, Bargo, Yanderra 5 201
9 Hornsby 2082 Berowra Heights 6 134
10 Blue Mountains 2776 Faulconbridge 6 123