vacancy rate falls. for young nickoo

  1. 7,397 Posts.

    March 11/03
    - The Sydney residential
    vacancy rate fell for the second straight month in February, according
    to figures released yesterday by the Real Estate Institute of New South
    Wales (REINSW).
    The vacancy rate for Sydney declined 0.5 per cent to 3.9 per
    cent last month.
    Inner Sydney recorded the most significant decrease, with a 1.2

    REINSW president Chris Fitzpatrick said recent concern about an
    oversupply of units in some inner city areas and soft vacancy rates
    would ease.
    "On a long-term basis, with almost 55,000 people moving to
    Sydney each year, the demand for accomodation, and the need for private
    investors in the property industry, will only increase in the future,"
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