This article is from the Australian Property Journal archive
VACANCIES in Sydney’s residential market rose slightly in July to 2.8%, in line with winter seasonal trends, according to REINSW.
A vacancy rate of 3% is considered an imbalanced market in favour of renters.
The latest Vacancy Rate Survey showed vacancies rose across metropolitan Sydney by 0.1% over the month. Middle and inner Sydney saw falls of 0.1% to 2.9% and 2.7% respectively, while outer Sydney rose by 2.7%.
The Hunter saw vacancy rates fell 0.2% to 1.7%, with Newcastle down 0.2% to at 2.2%. The Illawarra dropped 0.5% to 2.0%, with Wollongong down 0.3% to 2.0%.
Albury increased 0.1% at 1.5%, while the Riverina and Central Coast were steady at 3.1% and 2.0% respectively.
Australian Property Journal
