Residential vacancy rates fall across NSW: REINSW

Residential vacancy rates in the Sydney metropolitan market have fallen 0.2 percent to 1.9 percent, according to the REINSW.

The February 2017 REINSW Vacancy Rate Survey from REINSW found Inner Sydney led the fall in rental listings with a 0.2 percent decline at 1.7 percent, similar to levels of 9 months ago.

John Cunningham, president, REINSW said Middle Sydney fell 0.3 percent at 1.8 percent while Outer Sydney remained steady at 2.2 percent.

"The Hunter slipped 0.2 percent with a 0.7 percent rise in Newcastle to 2.7 percent offset by a fall of 0.9 percent at 1.6 percent in the rest of the region," he said.

"In the Illawarra, vacancy rates fell 0.3 percent at 1.1 percent with Wollongong falling from 2.1 percent to 1.1 percent.

"Across regional areas, Albury was down 0.8 percent at 3.2 percent, the South Coast fell 0.2 percent at 2.1 percent and Northern Rivers slipped 0.5 percent at 1.1 percent.

"Coffs Harbour rose 1.1 percent to 3.7 percent and Central Coast gained 0.3 percent to 2.8 percent."