Archive for August, 2008

There is a dearth of rental properties in Sydney and the situation looks likely to deteriorate with record numbers of Sydneysiders defaulting on their mortgages and trying to shift into rented accommodation.

Australian jobs ads on the web and in major newspapers fell 0.3 percent in July to a weekly average of 261,936. This follows a 3.0 percent decrease in June. Despite the recent declines, total job ads in Australia are still 5.5 percent up on a year ago.