Sydney rental market continues to tighten: REINSW

Sydney rental market continues to tighten: REINSW
Sydney rental market continues to tighten: REINSW

Residential vacancy rates have fallen across the Sydney market led by solid falls in availability in Middle Sydney, according to the Real Estate Institute of New South Wales (REINSW).

REINSW President John Cunningham said the March 2017 REINSW Vacancy Rate Survey saw the Sydney metropolitan market down 0.2% at 1.7%.

"Middle Sydney led the fall in rental accommodation on offer with a 0.4% decline at 1.4%," Cunningham said.

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Sydney rental market continues to tighten: REINSW

"Outer Sydney fell 0.1% at 2.1% and Inner Sydney was down 0.1% at 1.6%."

The Hunter also saw a drop of 0.1% at 2.0% with a 0.7% correction in Newcastle at 2.0%.

In the Illawarra, vacancy rates rose 0.4% at 1.5% with Wollongong adding 0.1% to 1.2%.

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Sydney rental market continues to tighten: REINSW

Across regional areas, the Northern Rivers has the lowest vacancy rate at 1.0%, down 0.1%, the South Coast dropped 0.7% at 1.4% and Albury was down 1.0 at 2.2%.

Tags: 
Sydney Rental market

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