Increasing first home buyer grants as well as a reduction in mortgage interest rates by the Reserve Bank has been welcomed by many buyers and renters alike. Figures released by the REINSW indicate that the number of available rental properties is at its highest level in 18 months within suburbs located over 25km from Sydney’s CBD. Lower interest rates have made it easier for new entrants into the investment market as well as providing a greater incentive for first home buyers to exit the rental market. For the inner city region, vacancy figures have remained steady between 2007 and 2009.