Sydney vacancy rates fall
2015-09-01A tightening in Sydney’s vacancy rate shows supply is meeting demand, according to the Real estate Institute of New South Wales (REINSW).
The July 2015 REINSW Vacancy Rate Survey reveals the number of properties for rent across Sydney fell 0.2 per cent to 1.9 per cent.
“Vacancy rates remain close to 2.0 per cent which shows that supply is starting to meet demand.
“Despite the 0.2 per cent decline month on month we still we think it is a good result and shows a strong stream of property on the market starting to feed the migration into Sydney.”
Inner Sydney tightened by 0.5 per cent to 2.1 per cent, while Middle Sydney saw falls in availability of 0.2 per cent at 1.7 per cent.
“Outer Sydney has hit levels last seen in December 2014,” Gunning says.
Hi comments are based on a drop in the vacancy figure of 0.1 per cent to 1.6 per cent Outer Sydney.
In locations further afield, the Hunter region saw availability rise 0.2 per cent to 3.7 per cent.
The region with greatest availability was New England, which jumped 1.2 per cent at 4.6 per cent.
Source：http://www.apimagazine.com.au/api-online/news/2015/08/sydney-vacancy-rates-fall
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