Sydney rents to fall on supply deluge

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By Leith van Onselen

Last week we showed how Sydney’s highrise apartment approvals have risen into the stratosphere, smashing all records:

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NSW (read Sydney) is experiencing an epic boom in highrise apartment construction, with just over 35,000 apartments approved in the year to September 2016 – an Australian record and roughly twice the level of Victoria (read Melbourne).

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.