We noted on Tuesday how Sydney investors are facing the twin shock of both falling prices and rents. This came after SQM Research’s June rental report revealed that Sydney’s asking rents were now falling on the back of a spike in the rental vacancy rate to 2.8% – the highest level in 13 years of data:
Yesterday, SQM Managing Director, Louis Christopher, forecast that Sydney’s rental vacancy rate would deteriorate further and top 3% by year-end:
