Rental availabilty in Sydney Metro rises

Rental availabilty in Sydney Metro rises
Rental availabilty in Sydney Metro rises

Sydney's vacancy rates have edged 0.1 percent higher, according to research from the Real Estate Institute of New South Wales.

REINSW President Leanne Pilkington said the October 2018 REINSW Vacancy Rate Survey saw metropolitan Sydney vacancy rates up 0.1 percentage points to 2.9 per cent. 

“There has been a slight slowing in those seeking rental accommodation in Inner and Middle Sydney while the Outer Sydney market saw interest increase,” Pilkington said.  

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 Rental availabilty in Sydney Metro rises

“Inner Sydney rose 0.4 percentage points to 2.8 per cent, Middle Sydney increased 0.1 percentage points to 3.2 per cent and Outer Sydney fell 0.1 percentage points at 2.8 per cent.”

In the Hunter, vacancy rates slipped 0.3 percentage points at 1.6 per cent, with Newcastle down 1.1 percentage points at 1.8 per cent off the back of a stronger market.

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Rental availabilty in Sydney Metro rises

The Illawarra fell 0.1 percentage points despite Wollongong being up 0.1 percentage points to 2.2 per cent. 

 

Across regional areas, Albury remained steady at 2.2 per cent, New England rose 0.3 percentage points to 2.5 per cent and the South Coast fell 0.1 percentage points at 1.8 per cent.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Sydney Vacany Rate

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