Vacancies within the metropolis elevated by 0.17 per cent in April, in response to new knowledge from PropTrack, though the emptiness charge nonetheless lies at simply 1.59 per cent.
Whereas the market has grown barely, rental emptiness charges are nonetheless down 54 per cent from earlier than the COVID-19 pandemic.
Sydney's rental vacancies have solely dropped 0.45 per cent within the final month, regardless of the current uptick.
The excessive demand and restricted provide have additionally pushed rental costs up 12.15 per cent within the final yr.
Emptiness charges noticed a 0.12 per cent uptick in regional New South Wales in April, as much as 1.70 per cent.
Slight upticks in rental vacancies had been additionally seen in different capital cities.
Melbourne elevated by 0.10 per cent, whereas Brisbane and Adelaide noticed a 0.10 per cent improve.
Perth wasn't far behind with a 0.9 per cent improve, whereas Hobart had the very best improve in rental vacancies at 0.31 per cent.
Canberra has the very best rental emptiness charge at 2.06 per cent, whereas each different metropolis had a charge under 1.70 per cent.
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