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Coffs Harbour's Top Suburbs: Annual Rental Turnover Rates Revealed!
The change in the percentage of all rentals whose tenants move out, measured over a 12 month period. A positive value indicates an increase in the number of people moving out of rentals.The annual rental turnover rate can be a valuable piece of information for property investors and those looking to move. For property investors, a high turnover rate may indicate a lack of tenant satisfaction or a competitive rental market, which could impact their investment returns. On the other hand, a low turnover rate may suggest a stable rental market and a higher likelihood of long-term tenants. For those looking to move, the turnover rate can provide insight into the livability of a suburb. A high turnover rate may indicate a transient population or a lack of desirable amenities, while a low turnover rate may suggest a tight-knit community and a desirable location. Overall, the annual rental turnover rate can be a useful tool for making informed decisions about property investment and relocation. Data from 2022
| Area | Value |
|---|---|
| 1. Bellingen | 31% |
| 2. Coffs Harbour | 3% |
| 3. Clarence Valley | -10% |
