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The Real Estate Institute of New South Wales (REINSW) has released its September quarter rental vacancy report, which reveals a material tightening in the city’s vacancy rate:
Sydney’s rental vacancy rate fell from 3.6% in August to 2.9% in September – the lowest reading since October 2018.
The results follow Domain’s latest rental report, which reported the steepest annual decline in Sydney rents in more than a decade.
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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.