Renters and home buyers are shifting away from the inner city to favour suburbs and regional areas within commuting distance, according to analysis by housing market platform Suburbtrends.
A count of rental homes that have been listed for 21 days or longer shows inner-city regions face significant increases in vacancy rates while the opposite happens in commutable regions. Analysis of sales stock points to a similar shift for buyers.
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Miranda Ward is a journalist covering media and marketing for The Australian Financial Review based in the Sydney office. Connect with Miranda on Twitter. Email Miranda at miward@afr.com
