Sydney’s rental market weakens

Tuesday 15 May 2018

SQM Research has released its rental vacancy series for April, which revealed a steady national vacancy rate over the month but a 0.3% decline over the year:

Over the year, decreases in vacancies were recorded in Adelaide (-0.5%), Perth (-1.1%), Melbourne (-0.2%), Brisbane (-0.7%), Canberra (-0.2%), and Darwin (-0.1%), whereas a large increase was recorded in Sydney (+0.6%) and a smaller increase was recorded in Hobart (+0.1%).

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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.