Sydney’s rental market remained tight during March, with figures showing the city’s residential vacancy rate remained unchanged over the month.
According to the Real Estate Institute of New South Wales’ (REINSW)Vacancy Rate Survey for March, Sydney’s vacancy rate remained steady at 1.7% during the month, despite the fact conditions were mixed across the city.
The REINSW’s figures show March saw vacancies in Inner Sydney sit at 1.3%, while in Middle Sydney the vacancy rate increased from 1.6% to 1.9%.
During March the vacancy rate in Outer Sydney pulled back from 2.1% to 1.8%.
REINSW president John Cunningham said the Sydney market, in particular Inner Sydney, would likely remain tight for the foreseeable future.
“The last time Inner Sydney had a vacancy rate of 1.3% was March 2014. The market is tight and is expected to remain tight for some time,” Cunningham said.
“Rises in Middle Sydney and falls in Outer Sydney balanced out to see the vacancy rates for Sydney steady overall,” he said.
Outside of Sydney, the Hunter saw 0.3% fall in its vacancy rate to 2.6% during March, with Newcastle
’s vacancy rate falling from 2.6% to 2.1%.
In the Illawarra vacancy rates were up 0.1% at 1.3%, with Wollongong
’s vacancy rate falling 0.2% to 1.0%.
Across regional areas, availability in Albury
fell 0.1% at 3.6%, New England rose 0.8% at 3.6% and Orana dropped 0.4% to 3.3%.
Coffs Harbour fell 0.8% to 1.5% and Northern Rivers rose 0.1% to 1.5%.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out