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12 August 2020 Cameron Micallef

Familiar pair take over established brand

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Familiar pair take over established brand

August 12, 2020Cameron Micallef

Two familiar faces in the Albany property scene have joined a local property group, as they look to build on an already established brand. ...

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top 10 agents

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Alexander Phillips

Year of Experience: 20

Support Staff: 3

Residential Properties Sold: 215

Total Value of Residential Properties Sold:

$ 522,477,791

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The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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Vacancy rates in Sydney hold firm amid downturn fears

23 January 2018 Tim Neary
Vacancy rates in Sydney

Sydney’s residential vacancy rates have held steady despite early signs of a downturn in the market, new REINSW figures show.

According to figures published in the REINSW Vacancy Rate Survey, the vacancy rate in metropolitan Sydney remained stable in December 2017, increasing by 10 basis points to 2.2 per cent.

“During 2017, we saw a slight decline in rental availability in Sydney which bottomed out in March and April before rising again as the year progressed to see supply meeting demand,” REINSW president Leanne Pilkington said.

Vacancy rates in inner Sydney dropped by 0.1 per cent to 2.0 per cent in December, while supply of vacant housing in outer Sydney rose by 20 basis points to 2.3 per cent.

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Residential vacancy rates in the Hunter region declined by 0.3 per cent to 1.7 per cent, with supply in Newcastle slipping by 0.6 per cent to 1.7 per cent.

The Illawarra and Wollongong both experienced a 0.1 per cent fall in vacancy rates to 1.7 per cent.

Further, across regional NSW, residential vacancy rates in Albury dropped by 0.7 per cent to 2.3 per cent, while Coffs Harbour experienced a fall of 0.2 per cent to 1.8 per cent.

Conversely, Northern Rivers (up by 0.1 per cent to 0.9 per cent) and New England (up by 0.2 per cent to 2.5 per cent) both experienced slight increases.
 

Vacancy rates in Sydney hold firm amid downturn fears
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