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Stability continues across Sydney rental market

Sydney vacancy rates largely remained unchanged in September 2017, according to the Real Estate Institute of New South Wales.

REINSW President John Cunningham said the September 2017 REINSW Vacancy Rate Survey saw availability in the Sydney metropolitan steady at 2.0 per cent.

“Vacancy rates in Outer Sydney remained unchanged at 1.8 per cent, while Inner and Middle Sydney rose 0.3 percentage points and 0.1 percentage points to 2.2 per cent and 2.4 per cent respectively,” Mr Cunningham said.

In the Illawarra, vacancy rates rose 0.4 percentage points to 2.5 per cent led by Wollongong up 0.5 percentage points to 2.7 per cent. The Hunter increased 0.1 percentage points at 2.0 per cent with Newcastle up 0.2 percentage points at 2.9 per cent.

Across regional areas, New England had a vacancy rate of 3.3 per cent up 0.2 percentage points, Coffs Harbour remained steady at 2.4 per cent and Northern Rivers slipped 0.2 percentage points at 0.8 per cent.

Source: REINSW

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