Sydney’s landlords choked by falling prices and rents

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By Leith van Onselen

SQM Research has released its rental vacancy series for September, 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 Melbourne (-0.1%), Adelaide (-0.4%), Perth (-1.3%), Brisbane (-0.6%) and Canberra (-0.4%), whereas increases were recorded in Sydney (+0.9%), Darwin (+0.8%) and 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.