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Sydney Registers Steady Vacancy Rate

vacancy rateFor two months now, the vacancy rate in Sydney has been less than 2%. In April, the availability rate was 1.9%. It is notable that the availability rate in Inner Sydney came down from 1.9% to 1.7% in April. While Middle Sydney affirmed the trend, coming down from 2.3% to 2.1%, Outer Sydney bucked the trend, going up to 2.0% from 1.7%.

A lot of apartment projects are coming close to their completion phase and this may mean an avalanche of new home options. It is not hard to decipher that the vacancy rate will only go up in the wake of the ‘happy tide of homes”.

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