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Drop in vacancies signals positive news for Sydney residential rental market


Date Time
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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