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.