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The latest data from the REINSW has shown that the rental market across the state has remained relatively stable with just a little fluctuation.
REINSW deputy president Brett Hunter said that the July 2018 REINSW Vacancy Rate Survey saw vacancy rates across Sydney remain stable with a rise of 0.1 of a percentage point to sit at 2.8 per cent.
“The Sydney vacancy rate we are seeing at the moment is in line with the winter season trend,” Mr Hunter said.
Mr Hunter added that the metropolitan areas of Sydney saw little movement, with only Outer Sydney showing some changes.
“The vacancy rate fell by 0.1 [of a percentage point] in both Middle and Inner Sydney at 2.9 per cent and 2.7 per cent, respectively; while Outer Sydney bucked the trend, rising by 0.3 of a percentage point at 2.7 per cent,” the deputy president said.
Inner Sydney includes North Sydney, Lane Cove, Leichardt and Mosman, while Middle Sydney includes Bankstown, Manly, Parramatta and Strathfield.
Outer Sydney areas include Liverpool, Penrith, Pittwater, Warringah, Fairfield and the Blue Mountains.
Regional areas also remained stable throughout the winter months, with the Hunter region falling by 0.2 of a percentage point to 1.7 per cent and Newcastle declining by 0.2 of a percentage point to 2.2 per cent.
The Illawarra region dropped by 0.5 of a percentage point to 2.0 per cent, and Wollongong declined by 0.3 of a percentage point to 2.0 per cent.
Albury was up by 0.1 of a percentage point to 1.5 per cent, while Riverina and Central Coast remained at 3.1 per cent and 2.0 per cent, respectively.
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