Wednesday, 29 August 2012

Region. Rental vacancies

Rental vacancies in Sydney are at highest level in six years. The July 2012 rental vacancy survey shows the percentage of available properties is now at 2.2 per cent across the entire Sydney metropolitan basin, an increase of 0.4 per cent compared to the previous month. This is the first time since August 2006 that the average vacancy rate for the entire city has exceeded 2 per cent. Significant increases in the percentage of available rental properties were recorded in all areas of Sydney: Inner suburbs (0-10km from the CBD) rose 0.2 to 2.0 per cent; Middle suburbs (10-25km from the CBD) rose 0.5 to 2.3 per cent; and Outer suburbs (more than 25km from CBD) rose 0.4 to 2.2 per cent.



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