Sydney vacancy rates nudge higher: REINSW

Sydney vacancy rates nudge higher: REINSW
Sydney vacancy rates nudge higher: REINSW

Sydney vacancy rates show supply is largely meeting demand, according to the Real Estate Institute of New South Wales.

REINSW president John Cunningham said the October 2017 REINSW Vacancy Rate Survey saw availability in the Sydney metropolitan up 0.1 percentage points at 2.1 per cent, on par with January 2017.

“Vacancy rates in Inner Sydney fell 0.2 per cent to 2.0 per cent, Outer Sydney gained 0.2 percentage points to 2.0 per cent, while Middle Sydney fell 0.2 percentage points at 2.2 per cent,” Cunningham said.

“Parity is generally recognised at 2.0 per cent and we are currently seeing this right across Sydney.”

Click here to enlarge.

Sydney vacancy rates nudge higher: REINSW

 

The Hunter slipped 0.2 percentage points at 1.8 per cent with Newcastle down 0.6 percentage points at 2.3 per cent. The Illawarra was steady at 2.5 per cent led by Wollongong up 0.2 percentage points to 2.9 per cent, a figure last seen in January 2016.

Across regional areas, Albury jumped back up to 3.2 percentage points, from 1.9 per cent, New England rose 0.5 per percentage points to 3.8 per cent and the Mid North Coast fell 0.4 percentage points at 1.7. Northern Rivers remained steady at 0.8 per cent. 

Click here to enlarge.

Sydney vacancy rates nudge higher: REINSW

Tags: 
Reinsw Vacancy Rate

Comments

Be the first one to comment on this article
What would you like to say about this project?