Sydney and Melbourne rental markets collapse

Wednesday 16 September 2020

SQM Research has released rental vacancy data for the month of August, which recorded a 0.1% decline nationally but ballooning vacancies across Melbourne:

As shown in the next chart, the rental vacancy rate has hit a seven year high in Melbourne at 3.4%, whereas Sydney’s retraced to 3.5% but remains near record highs:

Commenting on the results, SQM Research managing director, Louis Christopher noted:

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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.