“Agents reported fewer enquiries coming through due to the approach of the Winter season,” Mr Hunter continues.
“An oversupply of apartments is also affecting Middle Sydney.”
In the Hunter, vacancy rates rose 0.3 percentage points to 1.9 per cent, led by Newcastle which rebounded 0.5 percentage points to 2.4 per cent. The Illawarra gained 0.1 percentage points to 2.5 per cent with Wollongong increasing 0.2 percentage points to 2.3 per cent.
Across regional areas, the Central Coast fell 0.1 percentage points at 2.0 per cent, Northern Rivers added 0.2 percentage points to 1.5 per cent and New England gained 0.4 percentage points to 2.3 per cent.
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