Sydney’s rental vacancy rate launches

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SQM Research has released its rental vacancy data for November, which registered a 0.1% rise over the month but a 0.1% fall over the year:

As shown above, Sydney now has the highest vacancy rate in the nation followed by Darwin, which helps to explain their significant rental falls:

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According to SQM Managing Director, Louis Christopher:

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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.