Sydney rental property market steady: REINSW
The Sydney rental property market remained steady over October with vacancy rates staying at 1.9% for the second month in a row, according to REINSW.
The October 2015 REINSW Vacancy Rate Survey found inner Sydney rose 0.1% to 2.1%, outer Sydney dropped 0.1% to 1.6% and middle Sydney held at 1.9%.
REINSW President Malcolm Gunning said for a second month in a row vacancy rates have remained at 1.9%.
"Job growth continues to be the key driver of interest in the Sydney market and the figures indicate demand is being met,” he said.
According to REINSW, Hunter region vacancy rates fell from 3.3% to 2.7%, the Illawarra the overall vacancy rate rose 0.4% to 2.6%.
New England increased 0.6% to 4.3%, Albury up 0.5% to 2.8% and Northern Rivers increased 0.1% to 1.2%. The Mid-North Coast fell 0.1% to 1.4% and Coffs Harbour fell from 2.8% to 1.9%.
