Vacancy rates steady in Sydney, mostly down in regional NSW

According to REINSW deputy president Brett Hunter, the survey showed the vacancy rate declined 0.1 of a percentage point both in the middle and inner Sydney areas.

However, the outer Sydney area went in the opposite direction and saw its vacancy rate rise by 0.3 of a percentage point to 2.7 per cent.

“The Sydney vacancy rate we are seeing at the moment is in line with the winter seasonal trend,” Mr Hunter said.

Looking to regional NSW, the Hunter area saw vacancy rates decline by 0.2 of a percentage point to 1.7 per cent, which included Newcastle and its declining vacancy rate of 2.2 per cent, down by 0.2 of a percentage point. Illawarra’s vacancy rate was down by 0.5 of a percentage point to 2 per cent, which included Wollongong and its declining vacancy rate of 2 per cent, down by 0.5 of a percentage point.

Other regional areas include Albury, which rose 0.1 of a percentage point to 1.5 per cent, while the Riverina and Central Coast regions remained steady at 3.1 per cent and 2.0 per cent respectively.