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Drop in vacancies signals positive news for Sydney residential rental market


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Drop in vacancies signals positive news for Sydney residential rental market
The REINSW Vacancy Rate Survey results for June 2021 show that residential rental vacancies in Sydney have dropped for the second consecutive month and the rate now sits at 3.1%.
“This is a further 0.2% drop, after last month’s 1.0% drop to 3.3%,” REINSW CEO Tim McKibbin said. “There’s no doubt that the Sydney residential rental market has been significantly disrupted by the COVID-19 pandemic, however the tightening of the rate signals some signs of people moving back closer to the city.
“Additionally, returning ex-pats are also contributing to the increased demand.” ....

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NSW rental stock continues decline as Sydneysiders go west


NSW rental stock continues decline as Sydneysiders go west
By Emma Ryan
15 March 2021
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1 minute read
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The continuation of Sydneysiders leaving the big smoke for other parts of NSW has once again firmed up rental stock in certain areas, new research has found.
The REINSW Vacancy Rate Survey results show that for the month of February 2021, vacancy rates across much of the state continued to remain tight as more look to take advantage of homes outside the Sydney market. 
Rates in Albury dropped to 0.7 per cent, from 0.8 per cent in January, as did Central West at 0.8 per cent in February, from 0.9 in January. The Northern Rivers area also saw a drop to 0.6 per cent, from 1.4 per cent in January, ....

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