Vacancy rates still tight across Sydney

By |
Sydney’s vacancy rate remained relatively tight during September according to figures from the Real Estate Institute of New South Wales (REINSW).

According to the REINSW’s September Vacancy Rate Survey, the city-wide vacancy rate rose by 0.1% to 1.9% during over the month.

The increase was driven by conditions in the middle-city, where the vacancies rose by 0.4% to 1.9%, while the outer-city saw a rise of 0.1%.

In the inner-city area, vacancies fell by 0.2% to 2%.

Despite the small increase for Sydney, REINSW president Malcolm Gunning said there is no concern as strong migration to the city will keep vacancies low.

“The market is stable. Supply is meeting the demand due to large volumes of new property on the market,” Gunning said.

“Sydney is the job destination for Australia and there is strong migration. This is why we are seeing low vacancy rates,” he said.

In regional NSW, Northern Rivers has the lowest availability with a vacancy rate of 1.1%, after a 0.2% decrease during September.

The Illawarra also a saw a decrease, with overall vacancies down 0.1% to 1.5%, despite a 0.6% rise in Wollongong.

Vacancies rose by 0.2% in the Hunter after Newcastle’s vacancy rate climbed by 1% to 4% during the month.

The Mid-North Coast saw its vacancy rate rise to 0.1% to 1.5%, while Albury and the Murrumbidgee both have a vacancy rate of 2.3% after rises of 0.4% and 0.9% respectively.

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 : midland , mt colah , emerald , scarborough , willliamstown

go back

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.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here