Sydney vacancy rates remain stable: REINSW

Sydney vacancy rates remain stable: REINSW
Sydney vacancy rates remain stable: REINSW

Residential vacancy rates for Sydney are staying at 1.7 percent, according to the REINSW, with vacancy rates for Inner Sydney staying unchanged at 1.3 percent through March.

REINSW's Vacancy Rate Survey found Middle Sydney was at up 0.3 percent to 1.9 percent, while Outer Sydney was down 0.3 percent at 1.8 percent. 

REINSW President John Cunningham said the last time Inner Sydney had a vacancy rate of 1.3 per cent was March 2014 and the market is tight and is expected to remain tight for some time. 

“Rises in Middle Sydney and falls in Outer Sydney balanced out to see the vacancy rates for Sydney steady overall,” Mr Cunningham said.

Vacancy rates slid 0.3 percent at 2.6 percent in the Hunter region. In the Illawarra vacancy rates were up 0.1 per cent at 1.3 per cent. Wollongong slipped 0.2 per cent to 1.0 per cent. Albury fell 0.1 percent at 3.6 percent, New England rose 0.8 per ent at 3.6 percent and Orana dropped 0.4 percent to 3.3 percent. Coffs Harbour fell 0.8 percent to 1.5 percent and Northern Rivers rose 0.1 percent at 1.5 percent. 

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Sydney Vacancy Rates

Community Discussion

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