Drop In Vacancies For Sydney Renters - Kanebridge News
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,430,736 (-0.35%)             Melbourne $906,744 (-1.28%)             Brisbane $626,945 (-1.31%)             Adelaide $576,484 (-1.90%)               Perth $573,264 (+0.68%)             Hobart $667,625 (+0.32%)           Darwin $633,559 (-1.47%)               Canberra $869,505 (+1.93%)           National $879,315 (-0.27%)                      UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $569,148 (-1.05%)               Melbourne $450,915 (+0.15%)             Brisbane $364,991 (+0.46%)             Adelaide $299,227 (+0.06%)           Perth $339,330 (-0.36%)             Hobart $481,504 (-6.77%)               Darwin $380,220 (+0.68%)             Canberra $419,946 (+1.52%)           National $428,987 (-1.42%)                      HOUSES FOR SALE AND WEEKLY CHANGE       Sydney 6,290 (+697)             Melbourne 10,034 (+1,675)           Brisbane 8,564 (-165)             Adelaide 2,786 (-33)             Perth 9,764 (-120)             Hobart 354 (-8)             Darwin 228 (-16)               Canberra 368 (+46)             National 38,388 (+2,076)                    UNITS FOR SALE AND WEEKLY CHANGE       Sydney 6,605 (+82)             Melbourne 6,374 (+217)           Brisbane 2,923 (-13)             Adelaide 861 (-8)             Perth 2,423 (-18)             Hobart 64 (-2)               Darwin 352 (+5)             Canberra 406 (+25)             National 20,008 (+288)                    HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE       Sydney $550 ($0)             Melbourne $440 (+$5)             Brisbane $455 (-$5)             Adelaide $450 ($0)             Perth $450 ($0)           Hobart $495 (-$5)               Darwin $640 (+$10)             Canberra $640 ($0)             National $527 (+$1)                    UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE       Sydney $475 ($0)           Melbourne $370 (-$5)             Brisbane $440 (-$55)               Adelaide $370 (+$5)             Perth $410 ($0)             Hobart $450 (+$25)             Darwin $500 (+$30)             Canberra $540 ($0)           National $452 (-$1)                      HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,996 (-35)               Melbourne 9,639 (+280)             Brisbane 3,873 (+90)             Adelaide 1,037 (+438)           Perth 1,838 (-1)             Hobart 184 (-11)               Darwin 98 (0)             Canberra 262 (+21)             National 22,927 (+782)                    UNITS FOR RENT AND WEEKLY CHANGE       Sydney 16,976 (+55)             Melbourne 16,933 (+1,528)             Brisbane 3,293 (+1,099)           Adelaide 621 (-22)             Perth 1,04 (-50)             Hobart 82 (-7)               Darwin 180 (+24)           Canberra 351 (-3)               National 39,477 (+2,624)                    HOUSE ANNUAL GROSS YIELDS AND TREND           Sydney 2.00% (↓)             Melbourne 2.52% (↓)           Brisbane 3.77% (↑)              Adelaide 4.06% (↓)             Perth 4.08% (↓)             Hobart 3.86% (↓)             Darwin 5.25% (↓)             Canberra 3.83% (↓)             National 3.12% (↓)                UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 4.34% (↑)              Melbourne 4.27% (↓)           Brisbane 6.27% (↑)              Adelaide 6.43% (↓)             Perth 6.28% (↓)           Hobart 4.86% (↑)              Darwin 6.84% (↓)           Canberra 6.69% (↑)            National 5.47% (↑)                 HOUSE RENTAL VACANCY RATES AND TREND           Sydney 1.7% (↓)             Melbourne 2.4% (↓)           Brisbane 1.0% (↑)            Adelaide 0.7% (↑)            Perth 1.0% (↑)              Hobart 0.9% (↓)           Darwin 0.9% (↑)            Canberra 0.7% (↑)              National 1.5% (↓)                UNIT RENTAL VACANCY RATES AND TREND           Sydney 3.7% (↓)             Melbourne 4.9% (↓)           Brisbane 2.0% (↑)            Adelaide 1.3% (↑)              Perth 1.4% (↓)           Hobart 1.7% (↑)              Darwin 1.0% (↓)           Canberra 1.5% (↑)              National 3.4% (↓)                AVERAGE DAYS TO SELL HOUSES AND TREND           Sydney 25.2 (↓)           Melbourne 34.7 (↑)              Brisbane 34.6 (↓)             Adelaide 26.8 (↓)             Perth 42.7 (↓)             Hobart 21.3 (↓)           Darwin 36.8 (↑)              Canberra 23.1 (↓)             National 30.6 (↓)                AVERAGE DAYS TO SELL UNITS AND TREND           Sydney 24.9 (↓)           Melbourne 39.8 (↑)              Brisbane 39.7 (↓)             Adelaide 30.9 (↓)             Perth 42.9 (↓)             Hobart 22.2 (↓)           Darwin 44.7 (↑)            Canberra 36.3 (↑)              National 35.2 (↓)               
Drop In Vacancies For Sydney Renters

Residential vacancies in Sydney have dropped for the second consecutive month.

By Terry Christodoulou
Fri, Jul 9, 2021 < 1 min

With residential house prices continuing their ascent,  Sydney’s rental market has also tightened, with vacancies decreasing

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 tightening by 0.2% after last month’s 1.0% drop to 3.3%.

“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,” Said REINSW CEO Tim McKibbin.

“Additionally, returning ex-pats are also contributing to the increased demand.”

Outside Sydney, vacancies in Newcastle remained stable at 1.6% for the month and Wollongong increased by 0.2% to be 1.4%.

Vacancy rates across regional New South Wales continue to remain historically low.

“Rates in the Albury, Central Coast, Murrumbidgee, Orana, South Coast and South-Eastern areas all dropped in June,” Mr McKibbin said.

“Feedback from our members in these areas indicates that stock is extremely tight, as tenants continue to exit the major metropolitan markets to secure a property that suits both their budget and desired lifestyle.”

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Predicted increases in value signals strength in local property market.

The largest single-dwelling sales of the calendar year.

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