Sydney landlords smashed by falling prices and rents

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By Leith van Onselen

Domain has released its December quarter Rental Report, which reveals that annual Sydney rents have fallen for the first time in 12 years, down by 1.8% (houses) and 2.8% (units) in 2018:

The decline in Sydney rents follows an epic increase in rental vacancies, which rose to a record high 2.8%, according to SQM Research:

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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.