Daily Bulletin

Real Estate

Inner Sydney vacancy rates remain low

Sydney’s residential vacancy rates in Inner Sydney have remained tight, according to data released by the Real Estate Institute of New South Wales.

The December 2015 REINSW Vacancy Rate Survey saw the number of properties for rent remain steady at 1.8 per cent, as seen in November 2015.

REINSW President John Cunningham said a large number of developments were waiting to be competed in Inner Sydney.

“Stock levels remain low in some of Sydney’s most popular areas and this is set to continue until the completion of many large developments which are underway,” Mr Cunningham said.

Vacancy rates in Outer Sydney rose 0.2 per cent to 1.9 per cent, while Middle Sydney rose 0.7 per cent at 2.4 per cent due in large part to lower response rates in this area caused by the holiday period.

Elsewhere, availability in the Hunter region continued its decline with a fall of 0.2 per cent at 2.3 per cent. Newcastle was down 0.3 per cent at 1.8 per cent.

In the Illawarra the overall vacancy rate fell 0.1 per cent to 0.9 per cent despite a rise of 0.4 per cent in Wollongong to 1.5 per cent.

In the regional areas New England rose 0.2 per cent to 3.3 per cent, Albury added 0.8 per cent to 3.2 per cent and the South Coast was up 0.3 per cent to 1.7 per cent. Northern Rivers dropped 0.6 per cent at 0.9 per cent and Coffs Harbour was down 0.8 per cent at 1.7 per cent.

Anglican disunity on same-sex marriage threatens to tear the church apart


Exile on Main St turns 50: how The Rolling Stones' critically divisive album became rock folklore


One in three people with chronic pain have difficulty accessing ongoing prescriptions for opioids


The Conversation

Business News

How much should you be paying for digital marketing?

Founder of Sydney digital marketing agency gives the short and long answer   “What will digital cost?” is one of the most common questions we get asked when talking about a new SEO, PPC, social o...

James Lawrence - avatar James Lawrence

Fuel free ‘power generation’ business seeks partners to roll out across the world

Australian entrepreneur, Aaron Pascoe, is about to revolutionise the world of power forever using the GGOE Mechanical Gearbox – and he is seeking partners to roll out the technology across the world...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus

How Dropshipping Beauty Products Can Turn Around Your Fortunes in The Movie Industry

The Movie industry has become so popular and getting larger; this is so evident in how China, Korea, and Japan are dishing out world-class and very historical movies. The production of movies has ...

NewsServices.com - avatar NewsServices.com