As Sydney’s house prices boom, rents bust

Thursday, 12 December 2019

The latest quarterly dwelling price results for Sydney shows that values are rising at around 6.4%, which is equivalent to the peaks experienced during the 2015 and 2017 booms:

Indeed, since bottoming in May 2019, Sydney dwelling values have surged by around 8.5%.

While Sydney’s dwelling values are booming, the same cannot be said for rents, with CoreLogic’s December Chart Pack revealing that Sydney rents fell by 1.5% in the year to November:

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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.