Sydney rental availability slides: REINSW
Sydney’s residential vacancy rates have fallen across the board, according to data released by the Real Estate Institute of New South Wales.
The February 2016 REINSW Vacancy Rate Survey saw the number of properties for rent down 0.3 per cent at 1.7 per cent.
Inner Sydney led the vacancy rate falls, said REINSW President John Cunningham.
“Vacancy rates in Inner Sydney fell 0.6 per cent to 1.3 per cent, while Middle Sydney dropped 0.2 per cent to 1.6 per cent and Outer Sydney fell 0.2 per cent to 2.1 per cent,” Cunningham said.
In the Hunter region vacancy rates slid 0.3 per cent at 2.7 per cent with Newcastle down 0.1 per cent to 2.6 per cent. In the Illawarra, vacancy rates were down 0.8 per cent to 1.2 per cent.
Across regional areas, availability in the Northern Rivers’ rose 0.7 per cent to 1.4 per cent, Albury rose 1.0 per cent at 3.7 per cent, while Central Coast slipped 0.7 per cent at 2.1 per cent, Mid North Coast dropped 0.4 per cent at 0.4 per cent and Coffs Harbour fell 0.1 per cent at 2.3 per cent.
Note
* Suburbs included in ‘inner’, ‘middle’ and ‘outer’ Sydney are those falling within the Sydney Statistical Division as per the Australian Standard Geographic Classification of the Australian Bureau of Statistics.
‘Inner’ includes suburbs in the following LGAs: Ashfield, Botany Bay, Lane Cove, Leichhardt, Marrickville, Mosman, North Sydney, Randwick, Sydney, Waverley and Woollahra.
‘Middle’ includes suburbs in the following LGAs: Auburn, Bankstown, Burwood, Canterbury, Canada Bay, Hunters Hill, Hurstville, Kogarah, Ku-ring-gai, Manly, Parramatta, Rockdale, Ryde, Strathfield and Willoughby.
‘Outer’ includes suburbs in the following LGAs: Baulkham Hills, Blacktown, Blue Mountains, Camden, Campbelltown, Fairfield, Gosford, Hawkesbury, Holroyd, Hornsby, Liverpool, Penrith, Pittwater, Sutherland, Warringah, Wollondilly and Wyong.
Statistics relate to data from a survey of REINSW members. Results are based on survey responses covering 130,493 residential rental properties. The vacancy rate is the proportion of unlet dwellings to the total rent roll.
