realestatebusiness logo

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

Vacancy rates increase across Sydney, steady around regional NSW

17 August 2017 Tim Neary

Vacancy rates across Sydney continue to rise as seasonal factors influence the number of people seeking rental accommodation, according to the Real Estate Institute of New South Wales.

REINSW president John Cunningham said that the July 2017 REINSW Vacancy Rate Survey saw vacancy rates rise across the board in Sydney.

“Seasonal factors are playing a role in the increase in vacancy rates, as well as reduction in activity that we often see at the end and beginning of the financial year,” the president said.


“We anticipate that this trend will continue during the remainder of winter.”

The survey found that the Sydney metropolitan area rose 0.1 percentage point to 1.9 per cent. Inner Sydney rose 0.1 per cent to 2.3 per cent, middle Sydney increased 0.1 per cent to 1.5 per cent and outer Sydney rose 0.2 per cent to 1.9 per cent.

In the Illawarra, vacancy rates slipped 0.2 per cent to 2.3 per cent, with Wollongong down 0.2 per cent to 2.2 per cent. The Hunter remained steady at 2.3 per cent, and Newcastle fell 0.2 per cent.

Across regional areas, New England rose 1.1 per cent point to 4.2 per cent, the central west rose 0.6 per cent to 3.5 per cent, and the central coast added 0.5 per cent to 3.2 per cent.

The south coast fell 0.5 per cent to 1.6 per cent and the Northern Rivers fell 0.9 per cent to 0.7 per cent.

Inner Sydney suburbs include Ashfield, Botany Bay, Lane Cove, Leichhardt, Marrickville, Mosman, North Sydney, Randwick, Sydney, Waverley and Woollahra.

Middle include Auburn, Bankstown, Burwood, Canterbury, Canada Bay, Hunters Hill, Hurstville, Kogarah, Ku-ring-gai, Manly, Parramatta, Rockdale, Ryde, Strathfield and Willoughby.

And outer include Baulkham Hills, Blacktown, Blue Mountains, Camden, Campbelltown, Fairfield, Gosford, Hawkesbury, Holroyd, Hornsby, Liverpool, Penrith, Pittwater, Sutherland, Warringah, Wollondilly and Wyong. 

Vacancy rates increase across Sydney, steady around regional NSW
lawyersweekly logo
Recommended by Spike Native Network


Subscribe to our RPM mailing list



Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.