Australian Property

Sydney has 600k empty bedrooms

David Llewellyn-Smith
Tuesday, 23 January 2018
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Via the AFR:

Sydney has 600,000 bedrooms not being used according to a new analysis that recommends the removal of stamp duty enabling better, cheaper transitions for people in property.

The data compiled by EY from ABS’ 2016 Census estimates that in Sydney alone the number of spare bedrooms equates to 190,000 unused dwellings.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.