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A few weeks back, SQM Research managing director, Louis Christopher, described Sydney’s rental market as “very much a tenants market right now, it’s probably the biggest tenants market I’ve seen in my last 20-years“.
This statement came as Sydney’s rents were reportedly plummeting across the city:
If you’re looking for a new rental property now could be the time to upgrade to that waterfront view, with prices across the city suffering from a ‘covid-crunch’. @RuthWW #9News pic.twitter.com/MQ7yM4Gu99
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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.