Sydney rental vacancies remain steady

By Phil McCarroll | 26 May 2015
Sydney’s residential rental vacancy rate has remained under 2% for the second consecutive month. 

The Real Estate Institute of New South Wales’ (REINSW) April 2015 Vacancy Rate Survey has revealed that availability rates for April stayed at 1.9%, identical to figure from March. 

The stability was caused by an increase in properties available for rent in the city’s outer suburbs, with inner-city vacancies actually decreasing over April. 

“Availability in inner Sydney actually declined from 1.9% to 1.7%”, REINSW president Malcolm Gunning said.

“However, the number of properties available to rent in outer Sydney increased from 1.7% to 2.0% and middle Sydney slipped from 2.3% to 2.1%."

While March and April saw stabilisation in vacancy rates after February’s peak of 2.4% across Sydney, Mr Gunning said rates would likely increase in the near future with a number of apartment projects nearing completion. 

April saw vacancies rise in a number of locations across the state, including the Hunter, Illawarra and the north coast town of Coffs Harbour.  

A 1.2% rise in Newcastle vacancies saw rates in the Hunter rise 0.8% to 1.8%, while Wollongong’s 0.8% rise bought the Illawarra rate up by 0.3%. 

Coffs Harbour also saw a 0.8% rise, up to 3.1%.

The Northern Rivers region remained the hardest area in the state to find rental property as rates remained steady at 1.2%. 

Vacancy rates fell in two regions, down 1.5% in New England to 2.5% and 0.2% down in the South East to 5.1%.


Top Suburbs : willliamstown , werribee , penrith , mt gravatt , coolbellup


Get help with your investment property

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 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 an appointment is free.

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