Huge Sydney rental vacancies “recipe for disaster for many landlords”

Monday, 20 July 2020

Sydney’s loss-making landlords face more pain, with the city’s rental vacancy rate soaring to a 20-year high of 4.5%, according to the REINSW:

As shown above, the surge in Sydney’s vacancy rate has been driven by the inner-city, where the vacancy rate is 5.8%.

REINSW CEO Tim McKibbin described the results as “staggering” with “no sign of abating”, and “a recipe for disaster for many landlords”:

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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.