This article is from the Australian Property Journal archive
RESIDENTIAL vacancy rates in inner Sydney remained tight in December, according to the Real Estate Institute of New South Wales.
The December 2015 REINSW Vacancy Rate Survey recorded a steady rate of 1.8%, unchanged from November.
Vacancy rates in outer Sydney increased by 0.2% to 1.9%, while middle Sydney was up by 0.7% to 2.4% due in large part to lower response rates in this area caused by the holiday period.
Elsewhere, availability in the Hunter region continued its decline with a fall of 0.2% at 2.3%. Newcastle was down 0.3% at 1.8%.
In the Illawarra the overall vacancy rate fell 0.1% to 0.9% despite a rise of 0.4% in Wollongong to 1.5%.
In the regional areas New England rose 0.2% to 3.3%, Albury added 0.8% to 3.2% and the South Coast was up 0.3% to 1.7%. Northern Rivers dropped 0.6% at 0.9% and Coffs Harbour was down 0.8% at 1.7%.
Australian Property Journal
