Rental Allowance Matrix – Key Rental Property Data, Sydney June 16
17th June, 2016
Rental market information is critical to establish or revise existing employee relocation programs and their rent allowance rates. Kent’s Rental Allowance Matrix outlines key rental property data for Sydney, and is available now to download.
Our June 2016 rent allowance report indicates that the percentage of renting occupants in Sydney currently sits at 63.2%, and the vacancy rate in Sydney for rental properties is 2.6%. Furthermore, the median weekly rent for each property size is:
- 1 bedroom: $725
- 2 bedrooms: $889
- 3 bedrooms: $1,250
- 4 bedrooms: $2,650
Kent’s rental allowance provisions take into consideration very specific criteria, including: property locations and types, salary bands, and even the size of your family. We source our data from a range of accurate sources, including:
- Statistics published by the relevant state-based real estate institutes and governing bodies
- Comparative analysis of the rental market
- Various media outlet updates
- Our extensive local knowledge, gained over 70 years of industry experience.
Here at Kent Relocation Services, we understand that more often than not, relocating into a new rental property in a new destination, can become quite the headache not only for yourself, but also your human resources department. Our rental market information is a valuable and up-to-date source for understanding the ever-changing rental markets throughout the country. Having a fully integrated in-house, licensed, experienced property management means that Kent truly understands the Australian property market. Not only will our rental market matrix save you time, it can also assist you in making a more informed decision when it comes to housing budgets and rent allowances for employees.
