This article is from the Australian Property Journal archive
VACANCY rates across Sydney remain low heading into 2017, according to the latest research by the Real Institute of New South Wales.
Whilst vacancies were up over November 0.1%, rates were still tight overall at 1.8%.
Middle Sydney and Outer Sydney were flat at 1.5% and 1.8% respectively, whilst Inner Sydney rose slightly to 2.0%.
REINSW president John Cunningham said stock continues to enter the marketplace, especially in Inner Sydney.
Vacancies in the Hunter slipped to 2.0%, and Newcastle dropped 0.7% to 1.7%.
Illawarra vacancies were flat at 1.6%, although Wollongong drifted out by 0.4% to 2.0%.
New England also increased by 0.4%, to 4.2%, the Mid-North coast was at 2.0% whilst Albury fell 0.5% to 3.4% and the Riverina by 0.1% to 3.1%.
The largest increases in vacancy over the month were seen on the Central Coast, from 1.0% to 2.9%, and Central West, from 2.4% to 3.0%.
The South Eastern market vacancy rate more than halved to 2.5% owing to seasonal variations.
The Northern Rivers was up slightly to 1.0%, as was the South Coast to 1.4%, and Orana was flat at 2.2%.
Australian Property Journal
