Residential vacancy rates have tightened across Sydney

Residential vacancy rates have tightened across Sydney

Residential vacancy rates have tightened across the Sydney market led by Middle Sydney, according to data released by the Real Estate Institute of New South Wales.

REINSW Deputy President Brett Hunter said the August 2016 REINSW Vacancy Rate Survey saw Sydney with an overall vacancy rate of 1.8 per cent, down 0.1 per cent. 

“Middle Sydney saw a decline of 0.3 per cent at 1.6 per cent,” Mr Hunter said. 

“Inner Sydney remained steady at 1.9 per cent, and Outer Sydney was down 0.2 per cent at 1.7 per cent.” 

In the Hunter region, vacancy rates rose 0.3 per cent to 2.7, led by a rise of 0.6 per cent to 3.0 per cent in Newcastle.  

In the Illawarra region, vacancy rates fell 0.3 per cent at 1.6 per cent, with Wollongong down 0.5 per cent at 1.1 per cent.  

Across regional areas, New England fell 0.8 per cent at 3.9 per cent, Murrumbidgee dropped 0.1 per cent at 1.5 per cent and Albury was down 0.6 per cent at 3.1 per cent. 

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