Below are a couple of charts of vacancy rates in inner Sydney today.
As you can see the prestige suburbs such as Darling Point, Vaucluse, Woollahra and Dover Heights have vacancy rates tracking at around ~2.5 per cent, which is fairly typical for the thinner "top end" of the market.
Looking to the north of the famous old coat hanger reveals a similar story.
The Building Approvals data this week showed that Sydney has approved nearly 27,000 apartments for construction over the past 12 months (in addition to 13,776 houses).
SQM's Asking Prices Index reveals that the biggest increase in asking prices over the past 3 years has been for 2 bedroom apartments in Sydney (+30.5 per cent), followed by 3 bedroom houses (+29.5 per cent),