“This is particularly being seen in the Middle Suburbs which are 10km-25km from the CBD, where we have vacancy rates at the lowest level since March 2011.
“Inner Sydney vacancy rates fell 0.1 per cent at 1.5 per cent and Outer Sydney bucked the trend to rise 0.1 per cent at 2.2 per cent.”
REINSW Deputy President and President-elect Leanne Pilkington spoke to Ten Eyewitness News about the vacancy rates. Watch it here.
The Hunter rose 0.3 per cent to 2.3 per cent, largely due to an increase of 0.3 per cent in Newcastle to 2.3 per cent. In the Illawarra, vacancy rates slipped 0.1 per cent at 1.4 per cent despite a rise of 0.1 per cent to 1.3 per cent in Wollongong.
Across regional areas, Albury’s vacancy rate jumped 0.8 per cent to 3.0 per cent, Coffs Harbour rose 0.9 per cent to 3.8 per cent and New England rose 0.9 per cent to 3.0 per cent. The Northern Rivers added 0.1 per cent to 1.1 per cent, while the South Coast fell 0.2 per cent at 1.2 per cent. View the full results here.
From VOLVO, BMW and TESLA Check them out.
Also, Keep track of your CPD hours with the NEW CPD Diary in your member portal! Log in today.