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More Choice for Bunbury Rentals?

By Kevin Kelly

There has been a rise in residential property vacancies across the country over recent weeks, suggesting anyone in search of Bunbury rentals may find plenty of options that meet their needs.

SQM Research reports a vacancy rate of 2.6 per cent in December 2013, which accounts for 73,082 vacancies nationwide.

This marks a month-on-month rise of 0.4 per cent and is 0.3 per cent higher than figures from a year ago.

Managing director of the group Louis Christopher commented: "The rental market slowly turned in favour of tenants throughout the course of 2013 and I think this will likely be the case again in 2014."

Perth's vacancy rate for the month stood at 2.1 per cent, making it slightly lower than the national average. A total of 4,038 properties were available for rent in Western Australia in December 2013.

This follows recent data from the Australian Bureau of Statistics, which painted a mixed picture for the state of the national property market.

There was a 4.3 per cent drop in the number of home loans for the purchase of new dwellings in November 2013, although owner occupier loans for new dwelling construction rose 2.3 per cent.

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