In most parts of Sydney it became slightly easier to find residential rental homes last month according to data released by the Real Estate Institute of New South Wales (REINSW).
The September 2014 REINSW Vacancy Rate Survey saw the number of properties for rent across Sydney fall 0.1 percent to 1.7 percent.
“Outer Sydney saw the largest declines, hitting 10 month lows,” said REINSW President Malcolm Gunning.
Outer Sydney vacancy rates dropped 0.2 percent to 1.4 percent, while Middle Sydney fell 0.3 percent to 1.9 percent. Inner Sydney remained steady at 1.8 percent.
Vacancy rates in the Illawarra also remained steady at 2.0 percent despite a rise of 0.5 percent to 2.7 percent in Wollongong.
The Hunter region was down 0.2 percent at 3.1 percent on the back of a 0.8 percent fall in vacancy rates in Newcastle at 1.9 percent. This was the lowest recorded level for Newcastle since September 2013.
In regional areas, the Mid-North Coast was the hardest place to find rental accommodation at 1.4 percent, down 0.2 percent.
Albury was down 0.1 percent at 1.6 percent, Central Coast fell 0.3 percent to 1.7 percent and the Riverina dropped 0.6 percent to 2.8 percent. Northern Rivers declined 1.0 percent to 2.7 percent.
Bucking the trend was Central West which jumped 0.5 percent to 4.3 percent and Orana which added 1.1 percent to 3.2 percent.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
