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Inner Sydney vacancy rates highest for 2 years 

14 July 2017

Rental opportunities in Inner Sydney have taken a turn with two months of increased availability and the highest levels seen since August 2015.

REINSW President John Cunningham said the June 2017 REINSW Vacancy Rate Survey saw Inner Sydney rise 0.3 per cent at 2.2 per cent, while the overall Sydney metropolitan area remained steady at 1.8 per cent. 

“The rise in Inner Sydney was offset by a decline of 0.2 per cent at 1.4 per cent in Middle Sydney, while outer Sydney slipped 0.1 per cent at 1.7 per cent. 

“More stock has entered the market place in Inner Sydney which has seen a rise in availability as tenants take time to fill the available accommodation,” Mr Cunningham said. 

In the Illawarra, vacancy rates rose 0.7 per cent to 2.5 per cent with Wollongong up 1.2 per cent at 2.4 per cent. The Hunter rose 0.2 per cent to 2.3 per cent with Newcastle up 0.7 per cent to 2.9 per cent. 

Across regional areas, Albury and New England have the highest vacancy rates at 3.1 per cent, up 0.3 per cent and down 0.1 per cent respectively. The Riverina was down 0.2 per cent at 2.5 per cent and Northern Rivers fell 0.1 per cent to 1.6 per cent.