Sydney’s rental market continues to weaken

Tuesday 19 June 2018

SQM Research has released its rental vacancy series for May, which revealed a steady national vacancy rate over the month but a 0.2% decline over the year:

Over the year, decreases in vacancies were recorded in Adelaide (-0.4%), Perth (-1.0%), Brisbane (-0.6%) and Canberra (-0.2%), whereas increases were recorded in Sydney (+0.8%), Darwin (+0.2%) and Hobart (+0.2%), and Melbourne’s vacancy rate was flat.

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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.