Sydney rents suffer biggest fall in 15 years

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Domain has released its June quarter rental report, which reveals that Sydney rents have experienced their sharpest fall in 15 years, down by 1.9% over the quarter and by 3.6% over the year:

The rental declines were fairly broad-based:

According to Domain:

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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.