Sydney’s housing slump confirmed by rental data

Tuesday 13 March 2018

SQM Research has released its rental vacancy series for February, which revealed a 0.1% fall in the national vacancy rate over the month and a 0.3% decline over the year:

Over the year, decreases in vacancies were recorded in Adelaide (-0.5%), Perth (-1.0%), Melbourne (-0.3%), Brisbane (-0.2%), Canberra (-0.1%), Darwin (-0.6%), and Hobart (-0.2%), whereas an increase was recorded in Sydney (+0.5%).

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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.