Vacancy Rate Tightens Further in Sydney
Phil MacCarroll writes an article for the website Your Investment Property wherein he talks about a decline in Sydney’s vacancy rate despite the fact that the inner city housing stocks have been boosted. City wide vacancy rate dropped by -0.2% to sit on 1.8% and this tightening of vacancy is surprising given the introduction of new housing stock.
Fall in vacancy rate in Middle Sydney just reaffirms that tenants are looking for affordability and the same thing happening in outer regions point to a higher number of jobs there.
For the record, Illawarra in NSW has the lowest vacancy rate of 0.6%.
You can read the original article here.