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CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Wednesday, 24 August 2016

Sydney vacancy rates steady

The Real Estate Institute of New South Wales (REINSW) reported that vacancy rates were steady at 1.9 per cent in Sydney in July. 

The July results were fairly steady across the inner, middle, and outer suburbs, with all three segments recording the same result of 1.9 per cent. 

Vacancy rates in Newcastle and the Hunter were both at 2.4 per cent. 

The chart below smooths the monthly data on a 3mMA basis.


These figures back up what has already been reported by SQM Research that Sydney vacancy rates have essentially been flat throughout the past year, with supply neither loosening nor tightening. 

Elsewhere July 2016 vacancy rates were somewhat higher in Coffs Harbour (3.1 per cent), Albury (3.7 per cent), and the Central Coast, (2.8 per cent).