REINSW can report that availability across the Sydney rental market remained relatively steady in July 2018.
REINSW deputy president, Brett Hunter, says the July 2018 REINSW Vacancy Rate Survey saw vacancy rates across the Sydney metropolitan region remain steady at 2.8 per cent, a rise of 0.1 percentage points.
"The vacancy rate fell 0.1 percentage points in both Middle and Inner Sydney at 2.9 per cent and 2.7 per cent respectively, while Outer Sydney bucked the trend rising 0.3 percentage points at 2.7 per cent," says Hunter.
"The Sydney vacancy rate we are seeing at the moment is in line with the winter seasonal trend."
In the Hunter, vacancy rates fell 0.2 percentage points to 1.7 per cent, with Newcastle down 0.2 percentage points at 2.2 per cent. The Illawarra dropped 0.5 percentage points to 2.0 per cent with Wollongong down 0.3 percentage points to 2.0 per cent.
Across regional areas, Albury was up 0.1 percentage points at 1.5 per cent, whilethe Riverina and Central Coast were steady at 3.1 per cent and 2.0 per cent respectively.