Job offers in Sydney rose 40 basis points, from 3.2% on February 15th to 3.6% on March 15th, according to the latest report on the vacancy rate Housing Real Estate Institute of New South Wales (REINSW).
Inner Sydney and Outer Sydney recorded a slight increase of 80 basis points and 40 basis points, respectively, while Middle Sydney had a vacancy rate of 3.1%, a decrease of 50 basis points per year. report to the previous month.
"The vacancy rate in Sydney's Inner Ring – areas such as Ashfield, Leichardt and Marrickville – increased in March due to lower demand and higher supply. Sydney's outer ring is also in a similar situation. Real estate agencies located in areas such as Baulkham Hills and Blacktown have indicated that older obsolete units are more difficult to rent at the same price as before, and that homeowners refuse to lower rental prices, "said the REINSW President, Leanne Pilkington
Sydney's central ring, on the other hand, is experiencing a shift in vacant properties. Real estate agencies in areas such as Strathfield and Parramatta have indicated that homeowners in these areas are willing to reduce rents to attract tenants' attention.
The Hunter area, another NSW key reporting area, posted stable results. Newcastle posted a vacancy rate of 2.1% in February and March. The vacancy rate in other regions of the region fell 10 basis points from February to 1.5% this month.
In the Illawarra region, Wollongong and surrounding areas recorded a 20 basis-point decline in vacant dwellings, from 2.4% on February 15th to 2.2% on March 15th.
REINSW also showed slight increases in six key areas: the central coast (at 2.8%), the central-west (at 2.0%), Coffs Harbor (at 2.1%), half north of the coast (2.8%), Orana (1.8%) and southeast (2.9%).
The rental markets in Albury (vacancy rate 0.8%), Murrumbidgee (0.9%), New England (2.2%) and the south coast regions (2, 6%) showed more interesting results as the vacancy rate decreased by 30 to 50% points this month.
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