Vacancy rates tighten across the Sydney market

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The latest Vacancy Rate Survey by the Real Estate Institute of New South Wales (REINSW) revealed tighter residential vacancy rates all over Sydney, with an overall vacancy rate of 1.8%.

Middle Sydney led all the property markets with a vacancy rate of 1.6%, down 0.3%.

These included suburbs in Auburn, Bankstown, Burwood, Canterbury, Canada Bay, Hunters Hill, Hurtsville, Kogarah, Ku-ring-gai, Manly, Parramatta, Rockdale, Ryde, Strathfield, and Willoughby.

Outer Sydney also saw a decline of 0.2% at 1.7%, while Inner Sydney remained steady at 1.9%.

The Illawarra region also experienced a 0.3% fall in vacancy rate at 1.6%. Meanwhile, the vacancy rate in Hunter region rose 0.3% to 2.7%, led by a rise in Newcastle.

Regional areas also had declining vacancy rates. New England fell 0.8% at 3.9%, Murrumbidgee dropped 0.1% at 1.5%, and Albury was down 0.6% at 3.1%.

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