Residential vacancy rates have fallen across the Sydney market led by solid falls in availability in Middle Sydney, according to the Real Estate Institute of New South Wales.
REINSW President John Cunningham said the March 2017 REINSW Vacancy Rate Survey saw the Sydney metropolitan market down 0.2 per cent at 1.7 per cent.
“Middle Sydney led the fall in rental accommodation on offer with a 0.4 per cent decline at 1.4 per cent, Mr Cunningham said.
“Outer Sydney fell 0.1 per cent at 2.1 per cent and Inner Sydney was down 0.1 per cent at 1.6 per cent.”
The Hunter also saw a drop of 0.1 per cent at 2.0 per cent with a 0.7 per cent correction in Newcastle at 2.0 per cent.
In the Illawarra, vacancy rates rose 0.4 per cent at 1.5 per cent with Wollongong adding 0.1 per cent to 1.2 per cent.
Across regional areas, the Northern Rivers has the lowest vacancy rate at 1.0 per cent, down 0.1 per cent, the South Coast dropped 0.7 per cent at 1.4 per cent and Albury was down 1.0 at 2.2 per cent.
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