This article is from the Australian Property Journal archive
SYDNEY’s residential vacancy rate has remained unchanged at 1.7%, according to the REINSW.
REINSW president John Cunningham said residential vacancy rates have continued the trend of the last four months and he expects this rate of supply to continue.
In inner Sydney, the vacancy was up 0.2% to 1.5%, middle Sydney rose 0.1% to 1.7%, while outer Sydney fell 0.1% at 1.8%.
In the Hunter, vacancy rates fell 0.1% at 2.4% despite a gain of 0.3% to 2.1% in Newcastle.
In the Illawarra, vacancy rates fell 0.3% at 1.4%, led by Wollongong which was down 0.5% at 1.2%.
Across regional areas, New England rose 0.4% to 4.0%, Orana rose 0.2% to 3.7% and Coffs Harbour was up 0.7% at 2.3%. Albury fell 0.1% at 2.8%, Central Coast dropped 0.7% at 2.3% and South Coast fell 0.7% at 1.8%.
Australian Property Journal
