Sydney vacancy rates see little change

By Ericka Pingol | 23 Aug 2019

Wider Sydney recorded little change in vacancy rates, with Inner and Outer Sydney experiencing minor changes, the Real Estate Institute of New South Wales (REINSW) reported.

The capital city had a 3.5% vacancy rate in July—up 0.1% from June. Vacancy rates in Inner Sydney dropped 0.4% to 3%, while Outer Sydney was down 0.1% to 3.4%.

The vacancy rates in Middle Sydney defied this trend, increasing 0.7% to 4.1%.

Vacancy rates in the Hunter region remained stable at 1.7%, with other areas recording a 0.2% increase to 1.8%. However, Newcastle’s vacancy rate fell 0.2% to 1.6%.

The Illawarra region recorded a drop in vacancy rates, falling 0.1% to 2.2% in July. Vacancy rates in Wollongong also fell, decreasing 0.5% to 1.6%.

More than 50% of other NSW regions experienced growth in vacancy rates, with Coffs Harbour and South Coast recording a 1% rise.

South Eastern had the largest vacancy rate growth at 2.2%.

Several areas recorded a drop in vacancy rates, with rates in Mid-North Coast falling 0.7% to 2.8%.

The year ending July 2019 saw vacancy rates in Sydney increasing 0.7% to 3.5%. Illawarra and Newcastle both recorded a 0.2% decline to 1.7% and 2.2%, respectively.

Top Suburbs : marrickville , cardiff south , lalor park , nundah , mt colah


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